UnitedHealth earnings fall on decline in investment income, shrinking margins but top viewsINDIANAPOLIS — UnitedHealth Group Inc. topped analyst expectations when it reported a slightly smaller first-quarter profit Tuesday, but company leaders say the sour economy is offsetting some of the gains the health insurer made. IMF: nations must do more to aid banks facing $4.1 trillion in losses or crisis will worsenWASHINGTON — Losses at financial institutions could approach $4.1 trillion worldwide, the International Monetary Fund said Tuesday as it urged countries to take bolder action to bolster banks or risk an even deeper recession. As analysts dig into bank earnings, questions emerge about how healthy the industry really isNEW YORK — The stock market initially cheered better-than-expected earnings reports from major banks as signs that the beleaguered industry might be stabilizing. But investors got more skeptical this week after they had a closer look. Top bailed-out firms spent more than $9 million lobbying in Q1 while getting federal moneyWASHINGTON — The top 10 recipients of the government’s $700 billion financial bailout spent about $9.5 million on federal lobbying during the first three months of the year. Calendar of major business events scheduled for Wednesday
Major business events scheduled for Wednesday Banks pull Street from slump after Geithner says ‘vast majority’ of banks have enough capitalNEW YORK — Treasury Secretary Timothy Geithner convinced Wall Street to give banks another chance Tuesday. AP Exclusive: ‘Stress tests’ focus on loans, not securities, will favor big banksWASHINGTON — The government is giving Wall Street banks a helping hand. But this time it’s not a handout. Police arrest SKorean man for allegedly getting $1 million death benefits in scam with wifeSEOUL, South Korea — A South Korean man was arrested for allegedly pretending to have died at sea three years ago to defraud insurance companies of nearly $1 million, which his wife collected, police said Tuesday. India central bank cuts interest rates, growth forecast as global crisis takes bigger tollMUMBAI, India — India’s central bank cut key interest rates Tuesday and downgraded its growth forecast as the global financial crisis takes a bigger-than-expected toll on Asia’s third-largest economy. Australia is in recession but long-term prospects remain good, central bank chief saysSYDNEY — Australia has followed the rest of the world into a recession, the central bank chief said Tuesday. Asian stock markets tumble as worries about banking industry flare; HK off 3.7 pctHONG KONG — Asian stock markets tumbled Tuesday, with benchmarks in Tokyo and Hong Kong down 2-3 percent, after news of mounting bad loans at Bank of America rekindled worries about the financial system and halted Wall Street’s six-week rally. European markets traded higher. Japan stocks edge higher on bullish outlook for steelmakersTOKYO — Japanese stocks crept higher Monday after a big jump in steelmakers helped lift the benchmark index out of negative territory. South Korean leader calls for end of corruption as predecessor faces bribery probeSEOUL, South Korea — South Korea must do more to combat corruption, President Lee Myung-bak said Sunday as his predecessor faced an investigation over whether he received millions of dollars from a businessman while in office. SKorean leader calls for end of corruption as predecessor faces probe in bribery scandalSEOUL, South Korea — South Korea must do more to combat corruption, President Lee Myung-bak said Sunday as his predecessor faced an investigation over whether he received millions of dollars from a businessman while in office. South Korean prosecutors to question former president in bribery scandalSEOUL, South Korea — South Korean prosecutors will question former President Roh Moo-hyun about whether he received millions of dollars from a businessman while in office, an official said Saturday. Reports: South Korean prosecutors to question former president in bribery scandalReports: SKorean prosecutors to quiz ex-president SEOUL, South Korea — South Korean prosecutors will question former President Roh Moo-hyun about whether he received millions of dollars from a businessman while in office, news reports said Saturday. China’s premier says stimulus working, Chinese economy is better than expectedChina’s premier says economy better than expected BOAO, China — China’s Premier Wen Jiabao said Saturday that the country’s stimulus package is working and the economy is “better than expected.” |
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