AP – IN LIKE A LION: Stocks began March with hefty gains after several corporate buyouts raised hopes that the economy is strengthening. American International Group, owned mainly by taxpayers, sold its Asian life insurance business to Britain’s Prudential for $35.5 billion.
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AP – Major stock indexes rose to their highest levels in more than a month Monday after corporate buyouts raised hopes about the economy. The biggest boost for the market came from insurer American International Group, which agreed to sell its prized Asian life insurance business to Britain’s Prudential for $35.5 billion. It is seen as a sign of confidence in the economy when big businesses go ahead with takeovers.
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AP – Mixed reports Monday on manufacturing, construction and personal income and spending made clear that the economy is enjoying modest growth even though the recovery remains fragile.
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AP – Technology consulting company Ciber Inc. said Monday its fourth-quarter profit declined amid the difficult economy and because of a higher income tax rate than a year earlier.
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AP – The financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead.
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AP – Rates on 30-year mortgages remained almost flat this week as the Federal Reserve said it would keep rates near record lows to help the economy recover.
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AP – Republican gubernatorial candidate John Kasich said Thursday that he has picked a running mate in state Auditor Mary Taylor who shares his commitment to phase out Ohio’s income tax to help the state’s economy.
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AP – Republican gubernatorial candidate John Kasich said Thursday that he has picked a running mate in state Auditor Mary Taylor who shares his commitment to phase out Ohio’s income tax to help the state’s economy.
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AP – Republican gubernatorial candidate John Kasich said Thursday that he has picked a running mate in state Auditor Mary Taylor who shares his commitment to phase out Ohio’s income tax to help the state’s economy.
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AP – Hocking the house for quick cash is a lot harder than it used to be, and it’s causing headaches for homeowners, banks and the economy.
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