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Florida Insurance Commissioner Kevin McCarty says his office and the Hartford Financial Services Group will refund or issue credits totaling more than $48 million to Florida businesses. ...more
August 14, 2009
Mercedes Homes Melbourne-based Mercedes Homes filed for Chapter 11 bankruptcy court protection last week and plans to reorganize and stay in business. ...more
February 4, 2009
Hartford Financial Services Group Inc. and Lincoln National Corp. won approval to buy lenders, a step by the insurers toward getting investments from the U.S. government, the Office of Thrift Supervision said Friday. ...more
January 10, 2009
Hartford Financial Services Group Inc. said it will cut 500 jobs this month or about 2 percent of its total work force, citing losses in its investment portfolios and declining revenue. ...more
November 5, 2008
PNC Financial Services Group said Friday that it is acquiring National City Corp. for $5.58 billion in one of the first concrete signs of how banks could use fresh investments from a government bailout program. ...more
October 25, 2008
There's a debate in the media about the recession. ...more
July 25, 2008
The economy remained "generally weak" heading into summer as rising costs for energy and food pounded consumers and forced some companies to push their own prices higher. ...more
June 12, 2008
Money can't buy me love, wrote Lennon and McCartney. But loving couples could be doing a better job managing their money. ...more
February 17, 2008
The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession. ...more
January 31, 2008
More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be disappointing. ...more
December 13, 2007
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