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Mich. court says insurer doesn't have to buy van
An insurance company that refused to pay for a van for a disabled man has won an appeal at the Michigan Supreme Court. Auto-Owners Insurance says it agreed to pay for modifications to the van so Ken Admire could travel with his wheelchair. But it told the Ingham County man ...
Asia stocks extend losses after big sell-off
Asian stocks continued to retreat Friday after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, reversed a big morning gain and shed 0.7 percent to 14,391.74 ...
Asia stock markets edge up after big sell-off
Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, bounced back a sizeable 2.8 percent to 14,892.57. South Korea's ...
Sears reports bigger-than-expected 1Q loss
It was another ugly quarter for Sears Holdings Corp. The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales. It also announced that it is considering selling its protection-agreement business in an ongoing effort to raise cash as it struggles to reverse its fortunes. The ...
Arizona tribe claims bank mismanaged investments
The Hopi Tribe of northern Arizona claims that advisers at a national financial services institute schemed to cheat the tribe out of tens of millions of dollars by lying about the value of tribal accounts, making risky investments and collecting fees to which they weren't entitled. The tribe has filed ...
South Carolina lawsuit against NY bank settled
A bank accused of losing $200 million of retirees' money through bad investments has agreed to put $25 million back in South Carolina's accounts and give the state discounts on future fees under a new, 10-year contract with the state, according to a copy of the settlement obtained Thursday by ...
Highlights of health changes coming to California
The state's health benefits exchange, Covered California, announced that 13 companies will sell plans to people who must buy their own insurance. An overview of what it means: Who is eligible to buy health insurance on California's exchange? Peter Lee, executive director for Covered California, says the state has about ...
Health reform plans, pricing released in Calif.
Californians are finally getting to see what "Obamacare" means for them. President Barack Obama's health care overhaul made a big leap Thursday when California's health insurance exchange announced the plans and the prices that will be offered to those buying individual coverage. Some of the state's largest individual health insurers, ...
Hobby Lobby tests birth-control coverage mandate
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill. The Oklahoma City-based arts-and-crafts chain argued ...
Money market fund assets rose to $2.601 trillion
Total U.S. money market mutual fund assets rose $19.53 billion to $2.601 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds rose $1.33 billion to $893.78 billion, the Washington-based mutual fund trade group said Thursday. Assets of ...
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