Financial Services

Saudi Arabia to transfer $2 billion after urgent Yemen plea

Jan 17, 2018

Saudi Arabia to transfer $2 billion to Yemen following appeal to save the local currency from 'complete collapse'

GE to pay $15B for past mistakes amid breakup speculation

Jan 17, 2018

General Electric Co. will pay $15 billion to make up for the miscalculations of an insurance subsidiary as a new regime weighs future changes that could culminate in a break-up of the company

Tax law brings big paper losses, long-term gains to US banks

Jan 16, 2018

Big U.S. banks post billions in paper losses because of accounting charges related to the new tax law, but they say the changes will benefit them as well as the broader economy over the long term.

Yemen asks Saudis for $1B to save currency, prevent 'famine'

Jan 16, 2018

Yemen's prime minister has called on the Saudi-led coalition allied with his government to deposit $1 billion in the central bank to save the local currency from "complete collapse."

Tax break helps UnitedHealth 4Q earnings, 2018 guidance soar

Jan 16, 2018

UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast for the new year due in part to a gain from the federal tax overhaul

Citigroup reports $18.3 billion loss, caused by new tax law

Jan 16, 2018

Accounting charge related to tax law sends Citigroup to a $18.3 billion loss in the fourth quarter

Race is on for succession to Europe's top economic posts

Jan 16, 2018

Europe is getting a new economic team in a complex and politically fraught game of musical chairs that will help determine the balance between austerity and spending, tight money and more central bank stimulus.

This Week: UnitedHealth, industrial production, housing data

Jan 15, 2018

This Week: UnitedHealth earns, industrial production, housing starts

Bank execs sing praises of new tax law as windfall looms

Jan 12, 2018

Two of the nation's biggest banks _ JPMorgan Chase and Wells Fargo _ indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business

CVS says it will keep Aetna in Connecticut's capital city

Jan 12, 2018

CVS Health Corp. says it has no plans to move insurer Aetna from Connecticut's capital city of Hartford

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