Edition:
United States

Diptendu Lahiri

MetLife posts profit on higher net investment income

Nov 01 2018

Insurer MetLife Inc reported a third-quarter profit on Thursday, compared with a year-ago loss, helped by volume growth, favorable underwriting, expense management and improved investment income.

Insurer AIG's quarterly loss narrows on reinsurance benefit

Oct 31 2018

American International Group Inc reported a smaller quarterly loss on Wednesday as reinsurance pacts helped offset steep catastrophe losses in Japan and North America.

Big U.S. banks end third quarter on high note

Oct 16 2018

Wall Street's top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.

Graphic: U.S. banks enjoy benefits of a growing economy, lower taxes

Oct 12 2018

The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.

Lithium producer Livent's IPO priced at $17/share: bookrunner

Oct 10 2018

The initial public offering of lithium producer Livent Corp was priced at $17 per share on Wednesday, lead bookrunner Bank of America Merrill Lynch said, below a target range and giving the company a market value of $2.43 billion.

Lilly's Elanco animal health unit's IPO priced at $24/share

Sep 19 2018

The initial public offering of Eli Lilly Co's animal health unit, Elanco, was priced above the expected range at $24 per share on Wednesday, giving the company a market capitalization of $8.55 billion.

LendingClub beats Wall Street estimates but net loss widens

Aug 09 2018

U.S. online lender LendingClub Corp on Tuesday topped Wall Street estimates for quarterly profit, but posted a wider net loss from a year ago as it wrote down the value of one of its units.

AIG quarterly profit falls 17 percent as general insurance business weighs

Aug 02 2018

American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts' expectations.

World News

British PM May fights to save Brexit deal and her job

Prime Minister Theresa May's draft divorce deal with the European Union was in jeopardy on Thursday after her Brexit secretary and other ministers quit in protest and her own eurosceptic lawmakers called for her to be ousted.