The Caucus: Governors Issue Warning on Impact of Cuts
Governors in both parties warned of the potentially damaging consequences if President Obama and Congress do not agree on a plan before Friday to avoid deep spending cuts.
Hard Budget Realities as Agencies Prepare to Detail Reductions
By the end of this week, federal agencies will notify governors, private contractors and other stakeholders of the dollars they would be about to lose if across-the-board budget cuts go into effect.
Hedge fund manager Einhorn blasts Dell’s buyout plan
Hedge fund manager David Einhorn had some sharp words on Thursday for both Dell Inc and founder Michael Dell on his plan to take the company private. Einhorn, who has mounted a campaign to get Apple Inc …
Allianz, AXA dividends help allay sector worries
PARIS/MUNICH (Reuters) – Europe’s top two insurers at least maintained their dividends for the past year, helping allay concerns that insurer payouts were being threatened by a malign combination of low bond yields and tighter regulatory requirements. Germany’s Allianz kept its payout steady at 4.5 euros per share, while French rival AXA raised its shareholder reward 4 percent to 0.72 cents, easing fears about the sustainability of insurance sector payouts highlighted by a surprise cut on Wednesday from Britain’s Royal & Sun Alliance (RSA) . …