investments

Dexia swings to 1.5 billion euro 3Q loss

Fri, 14 Nov 2008 04:54:41 -0600

Dexia, the world's biggest lender to local authorities, reported Friday it swung to a loss of 1.5 billion euros ($1.88 billion) in the third quarter as the financial crisis took its toll on investments, and announced it would sell some of its U.S. businesses.

ING Posts First-Ever Loss

Wed, 12 Nov 2008 06:44:19 -0600

The Dutch financial services company ING reported its first quarterly loss as it wrote down the value of investments scorched in the credit crisis.

ING posts 478 million euro loss in 3Q

Wed, 12 Nov 2008 04:34:57 -0600

Financial services company ING Groep NV reported a net loss of 478 million euros ($609 million) in the third quarter on Wednesday, after booking 1.51 billion euros worth of losses on devalued investments and assets.

Allianz posts 2 billion loss in third quarter

Fri, 07 Nov 2008 17:18:00 -0600

Insurer Allianz SE reported a 2 billion euro loss Friday after it said that the value of its investments declined and it wrote off the value of its Dresdner Bank unit before its planned sale to Commerzbank.

German Stimulus Plan Includes Tax Breaks on Cars

Wed, 05 Nov 2008 13:33:34 -0600

The $29 billion package approved onWednesday is a bid to unlock more than twice that amount in investments and help the world’s biggest exporter weather a worldwide slowdown.

Hannover Re swings to 3Q loss of 395 million euros

Wed, 05 Nov 2008 04:09:43 -0600

Reinsurer Hannover Re AG reported Wednesday it swung to a third quarter net loss — its first since 2005 — blaming higher claims from weather-related disasters and the financial crisis that caused it to write down investments. It also abandoned its outlook for the rest of the year.

Pension agency loses almost $5 billion on stocks

Fri, 24 Oct 2008 15:41:35 -0500

The federal agency charged with backstopping pension benefits for 44 million Americans lost almost $5 billion from investments in stocks in the budget year that ended Sept. 30, the agency head acknowledged Friday.

PNC Gets National City in Latest Bank Acquisition

Fri, 24 Oct 2008 13:06:00 -0500

The $5.58 billion deal is one of the first concrete signs of how banks could use fresh investments from a government bailout program.

Squeezed: Venture capitalists curtail investments

Sat, 18 Oct 2008 01:14:45 -0500

As it becomes increasingly difficult to cash out of their previous investments, venture capitalists are gradually closing their financial spigots in what could be the start of a long, dry spell for entrepreneurs.

Wells Fargo 3Q profit falls 25 percent

Wed, 15 Oct 2008 11:10:19 -0500

Wells Fargo said Wednesday its third-quarter profit fell 25 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected.