Inverness Business
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General Growth updates bankruptcy planApr 28, 2010 11:00 pm - General Growth Properties Inc., the second-largest U.S. mall owner, won approval to add two new loans valued at $895.5 million to its Chapter 11 bankruptcy plan. Fashion...
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CME profit rises 21% as interest-rate volume returnsApr 28, 2010 11:00 pm - CME Group Inc., the world's largest futures market, said first-quarter earnings rose 21 percent as interest-rate futures trading rebounded from a year ago when the globa...
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Allstate CEO sells stocks, bets on corporate-debtApr 28, 2010 11:00 pm - Allstate Corp., the largest publicly traded U.S. home and auto insurer, sold stocks in the first quarter as Chief Executive Officer Thomas Wilson bet corporate debt will...
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General Growth continues refinancing mallsApr 27, 2010 11:00 pm - Shopping-center owner General Growth Properties Inc. has begun the process of confirming Chapter 11 plans for two malls in Las Vegas by restructuring $896 million in mo...
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United, Continental closer to merger dealApr 27, 2010 11:00 pm - UAL Corp.'s United Airlines and Continental Airlines Inc. have moved closer to solving differences in valuing their merger, paving the way for a deal as early as next we...
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Allstate to raise rates 8.2% on homeowner insuranceApr 27, 2010 11:00 pm - Allstate Corp. will implement an 8.2 percent rate increase on homeowner insurance policies this summer. Beginning July 5, when customers renew their policies, they will ...
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Equity borrowing capacity declining with home valuesApr 27, 2010 11:00 pm - About 6,000 homeowners received a letter recently from First American Bank in Elk Grove Village that said their home equity lines of credit would be reduced because thei...
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Republican lawmaker wants Broadway Bank answersApr 27, 2010 11:00 pm - The top Republican on the U.S. House Committee on Oversight and Government Reform is demanding answers about the collapse of Chicago's Broadway Bank. California Rep. Dar...
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Android group shows cracks as partners like Moto seek alternativesApr 27, 2010 11:00 pm - Google Inc.'s mobile-phone alliance is showing signs of strain. After Verizon Wireless scrapped plans to offer Google's Nexus One handset this week, Motorola Inc. said i...
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Comcast 1Q profit up 12 percent, advertising reboundsApr 27, 2010 11:00 pm - PHILADELPHIA -- Consumers signing up for digital cable TV and high-speed Internet services led to a 12 percent increase in first-quarter profit for Comcast Corp. The com...