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Financials Drag Markets Down

Slide in Banks, Housing Data Overwhelm Tech Rally Stocks tumbled Tuesday afternoon, erasing an early rally powered by optimism about the tech sector, amid a bleak report on home building and the continued erosion of financial...

PC makers lead Taiwan stock slide, but Taishin surges

TAIPEI, Nov 19 (Reuters) - Taiwan stocks fell 0.6 percent on Wednesday, as investors shrugged off strong results from Hewlett-Packard and dumped shares of major contract PC makers Quanta and Compal amid a bleak outlook for...

Housing Data Trip Up Stocks

A bustling stock rally ground to a halt Tuesday following new signs that the housing market remains under heavy pressure. The Dow Jones Industrial Average, which was up more than 200 points at its intraday high, recently traded...

Report: MetLife could buy some AIG units

BLOOMBERG NEWS SERVICE • November 18, 2008 MetLife Inc., the largest U.S. life insurer, is "uniquely positioned'' to buy the U.S. life and retirement units of American International Group Inc., said Citigroup Inc. analyst Colin...

Hartford Financial names director of tax law

HARTFORD, Conn. - Hartford Financial Services Group Inc. on Tuesday said it named Michael R. Chesman senior vice president, associate general counsel and director of tax law. Chesman, 63, most recently worked at the Internal...

Working as a Financial Adviser

The job: Financial adviser Nature of the work: Financial advisers help individuals determine and meet their financial goals by assessing all of their monetary holdings and projected assets, such as inheritances, says Stephen...

Insurers await Fed OK for cash amid capital drain

NEW YORK (Reuters) - Life insurers, needing to rebuild capital after being drained by investment losses, are joining the long line of U.S. companies seeking to borrow under the government's $700 billion financial rescue program.

Membership drive adds to Jackson, Cape Girardeau chambers

Friday morning I attended a breakfast honoring new Jackson Chamber of Commerce executive director Brian Gerau, who assumed the post Nov. 1. Gerau, who is the husband of Southeast Missourian advertising executive Sara Gerau,...

Insurers await Fed OK for cash amid capital drain

NEW YORK, Nov 17 (Reuters) - 'We would view capital injections from the Treasury as a positive, but we believe insurers that have little excess capital and large exposures to variable annuity equity market guarantees might...

Taiwan stocks at 3-wk low, TSMC job freeze hits chips

TAIPEI, Nov 18 (Reuters) - Taiwan stocks fell to a three-week low on Tuesday, as LCD makers continued their slide for a fourth day while chip shares fell after tech bellwether TSMC confirmed it was implementing a general hiring...

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