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Financial Services

Chubb Skyrockets to Lead S&P 500 Following $29B Takeover Deal by ACE

Shares of Chubb Corp (CB) spiked to finish Thursday's regular trading session sharply up after the company was acquired by peer ACE Ltd (ACE) in a mega transaction deal.

07/01/15 - 05:10 PM EDT

3 More Taxi Medallion Foreclosures in New York City

  • Tickers in this article:
  • C

Another three taxi medallions were transferred in foreclosure sales in June, bringing the 18 month total to 15, more than double the number from the prior two years.

07/01/15 - 04:47 PM EDT

Chubb Skyrockets to Lead S&P 500 Following $29B Takeover Deal by ACE

Chubb Skyrockets to Lead S&P 500 Following $29B Takeover Deal by ACE

Shares of Chubb Corp (CB) spiked to finish Thursday's regular trading session sharply up after the company was acquired by peer ACE Ltd (ACE) in a mega transaction deal.

07/01/15 - 05:10 PM EDT

Hartford Financial (HIG) Stock Climbs Following ACE's $28 Billion Chubb Deal

Hartford Financial (HIG) Stock Climbs Following ACE's $28 Billion Chubb Deal

  • Tickers in this article:
  • HIG

Hartford Financial Services (HIG) shares are rising along with the insurance industry following ACE's (ACE) $28 billion acquisition of Chubb Corp. (CB).

07/01/15 - 03:40 PM EDT

Ace to Acquire Chubb for $28.3 Billion in Cash, Stock

Ace to Acquire Chubb for $28.3 Billion in Cash, Stock

The merger announced Wednesday is one of the biggest industry deals ever.

07/01/15 - 02:07 PM EDT

Kiva.org Co-Founder Sees Crowdfunding Growth Accelerating

Kiva.org Co-Founder Sees Crowdfunding Growth Accelerating

Jessica Jackley, the co-founder of the microfinance lending website Kiva.org, talks about her new book and the future of crowdfunding.

07/01/15 - 01:14 PM EDT

ECB Could Allow Greek Banks to Fail if Greeks Vote 'No' on Sunday

ECB Could Allow Greek Banks to Fail if Greeks Vote 'No' on Sunday

Greece's Prime Minister may be ready to strike a deal with the country's creditors but at the same time is urging the Greek people to vote 'no' in Sunday's referendum.

07/01/15 - 01:29 PM EDT

Even With a 'No' Vote on Referendum, Greece Will Still Owe Billions

Even With a 'No' Vote on Referendum, Greece Will Still Owe Billions

No matter how Greece's citizens vote, the government must work out its debt obligations or face bank failures, says economist Peter Sanfey of the European Bank for Reconstruction and Development.

07/01/15 - 01:11 PM EDT

Why Chubb's $28.3 Billion Takeover May Fuel More Insurance Deals

Why Chubb's $28.3 Billion Takeover May Fuel More Insurance Deals

The takeover of Chubb, which offers property and casualty insurance, is the latest purchase for ACE as CEO Evan Greenberg, the son of Hank Greenberg, focuses on expansion

07/01/15 - 12:46 PM EDT

Assured Guaranty (AGO) Stock Gains, Puerto Rico Electric Power Authority Makes Payment Deal

Assured Guaranty (AGO) Stock Gains, Puerto Rico Electric Power Authority Makes Payment Deal

  • Tickers in this article:
  • AGO

Assured Guaranty (AGO) shares are rising after the Puerto Rico Electric Power Authority reached a deal with creditors to make a $416 million payment.

07/01/15 - 12:29 PM EDT

Why China is a Bigger Threat to the U.S. than Greece

Why China is a Bigger Threat to the U.S. than Greece

  • Tickers in this article:
  • GE
  • F
  • AAPL

China's slowing growth is one piece of a triple threat -- and perhaps the largest -- to a global economy also grappling with debt crises in Greece and Puerto Rico.

07/01/15 - 12:06 PM EDT

Macy's Dumps Trump; Stocks Pare Gains on Greece Worries

Macy's Dumps Trump; Stocks Pare Gains on Greece Worries

  • Tickers in this article:
  • M

Stocks gave up some of their gains after Greece Prime Minister Alexis Tsipras told citizens to vote 'no' in its July 5 referendum.

07/01/15 - 12:05 PM EDT

Retail Investors Fleeing U.S. Stocks Is a Buy Signal

Retail Investors Fleeing U.S. Stocks Is a Buy Signal

Small investors are unloading U.S. stocks, which means you should do the opposite. That's because retail investors are so bad at timing they're good, at least as a contrary indicator.

07/01/15 - 11:37 AM EDT

10 Worst Financial Stocks in the S&P 500

10 Worst Financial Stocks in the S&P 500

Financial services stocks underperformed the broader market to date, and more than a few specialized financial companies have had big losses for the first six months of the year.

07/01/15 - 08:51 AM EDT

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