The law’s incentives push states to spend more on new enrollees, and less on the disabled and ill.
Wall Street money managers are having problems hanging onto insurance companies as customers.
India injected more than $400 million into Punjab National Bank, one of its largest state-backed lenders, as it scrambled to avoid a potential crisis of confidence in the debt markets.
An encouraging expansion in private insurance coverage.
Some big U.S. multinationals are being partially audited by Chinese accounting firms U.S. regulators can’t check.
The Journal’s weekly guide to the ups and downs of the business world.
Travelers Cos. reported record net written premiums in its second quarter but its earnings fell as several weather-related catastrophes and fires at commercial properties dented its bottom line.
Wells Fargo is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers’ accounts without their full understanding.
European banks are using a kind of insurance to help boost lending, but this might not be best value for shareholders.
Many U.S. homeowners are inadequately insured for natural-catastrophe damage ahead of the height of the Atlantic hurricane season.
Morgan Stanley said its second-quarter earnings rose about 39% from a year ago, concluding a big-bank earnings season that showed continued strength in the economy.
U.S. stocks rose following Federal Reserve Chairman Jerome Powell’s Senate testimony, while investors also continued dissecting the latest round of corporate earnings results.
Goldman Sachs said veteran investment-banker David Solomon would succeed Lloyd Blankfein as chief executive Oct. 1, setting up a high-profile transition for a firm that is expanding well beyond its Wall Street roots.
David M. Solomon, who was tapped to succeed Lloyd Blankfein as CEO, faces a big task in the postcrisis era as he seeks to make the firm more entrepreneurial and open. “Everything’s on the table,” the new boss has told top executives.
UnitedHealth Group raised its full-year earnings outlook as the company continued to see growth in health-care plan membership and premiums.
Bank of America reported higher earnings in its second quarter as U.S. interest rates’ upward climb helped the lender’s results.
Deutsche Bank’s new chief executive is getting to grips with the one thing he really can control: costs.
Barclays is considering doubling down on America as CEO Jes Staley comes under pressure from an activist shareholder to boost the bank’s stagnant share price.
As far back as the industrial revolution, improvements in productivity have traveled swiftly from company to company and industry to industry, an economy-boosting phenomenon called diffusion. Today, there is mounting evidence this engine of growth seems to be misfiring.
PNC Financial Services Group posted better-than-expected second-quarter earnings Friday, boosted by an increase in lending and a lower tax rate.