AIG earnings point to room for improvement-analysts
(Reuters) – American International Group Inc reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which almost went under during the financial crisis.
Google, Samsung, Huawei sued over Nortel patents
SAN FRANCISCO (Reuters) – The group that owns thousands of former Nortel patents filed a barrage of patent lawsuits on Thursday against cell phone manufacturers including Google, the company it outbid in the Nortel bankruptcy auction.
Monte Paschi’s key shareholder open to bank’s merger: document
SIENA, Italy (Reuters) – The top shareholder in Monte dei Paschi dei Siena is open to the idea of a merger of the troubled Italian bank with another financial group, preferably “of an international standing”, it said in a document approved by its board…
BJ’s launches $2.1 billion loan for refinancing, dividend recap
NEW YORK (Reuters) – Warehouse retailer BJ’s Wholesale Club is tapping the wide open credit markets for the second time in slightly over 12 months to finance a distribution to its shareholders, sources told Thomson Reuters LPC.
Credit Suisse dismisses trader who cost bank $6 million: WSJ
NEW YORK (Reuters) – Credit Suisse Group AG has dismissed a trader who cost the bank roughly $6 million in losses from “unusual trading activities” that are being looked at by regulators, the Wall Street Journal reported on Thursday.
Wall Street ends session lower but posts gains for October
NEW YORK (Reuters) – U.S. stocks finished lower on Thursday as the Federal Reserve’s statement the day before added to investors’ anxiety about the timing of a pullback in its stimulus program.
Future of state-backed UK lender RBS set to be cleared up
LONDON (Reuters) – The future of Royal Bank of Scotland should become clearer on Friday, with Britain’s finance ministry expected to reveal if it wants the state-backed lender to be broken up.
Fannie Mae sues nine banks for rigging Libor
NEW YORK (Reuters) – Fannie Mae sued nine of the world’s largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
Big Oil faces pressure from shareholders over costs
LONDON/HOUSTON (Reuters) – Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders – and at least one of the world’s top five petroleum companies fully acquiesced…
More U.S. small businesses plan for employee health coverage: survey
(Reuters) – The number of U.S. small businesses planning to start to offer health coverage for their employees next year slightly exceeds the number that expect to drop coverage, even as costs continue to rise, according to a survey released on Thursda…
