International Business News - ING http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The Dutch government said Thursday it has set up a 20 billion euro ($27.4 billion) fund to support financial institutions in the Netherlands during the ongoing credit crisis. http://www.ibtimes.com/articles/20081009/dutch-ready-billions-in-funding-for-finance-sector.htm Thu, 09 Oct 2008 17:56:27 EDT Shares in Fortis NV continued to slide on Tuesday as it struggled with its acquisition of parts of ABN Amro, and says it needs to raise 5 billion euros ($7.4 billion) in additional capital by 2010 in order to maintain solvency targets. http://www.ibtimes.com/articles/20080923/fortis-shares-resume-slide.htm Tue, 23 Sep 2008 13:23:31 EDT Among the earnings stories for Wednesday, Aug. 13, from AP Financial News: AMSTERDAM, Netherlands (AP)--ING Groep NV, the Dutch insurer and bank, said Wednesday its second quarter earnings fell 25 percent, mostly due to smaller gains on investments. http://www.ibtimes.com/articles/20080813/earnings-roundup-ing-axel-springer.htm Wed, 13 Aug 2008 13:41:30 EDT ING Groep NV, the Dutch insurer and bank, said Wednesday its second quarter earnings fell 25 percent, mostly due to smaller gains on investments. Net profit was euro1.92 billion ($2.86 billion), from euro2.56 billion in the same period a year ago. http://www.ibtimes.com/articles/20080813/ing-bank-reports-25-percent-fall-in-2q-earnings.htm Wed, 13 Aug 2008 11:31:42 EDT ING Groep NV, the Dutch insurer and bank, said Wednesday its second-quarter earnings fell 25 percent, mostly due to smaller gains on investments. Net profit was euro1.92 billion (US$2.86 billion), from euro2.56 billion in the same period a year ago. http://www.ibtimes.com/articles/20080813/ing-bank-reports-25-percent-fall-in-2q-earnings.htm Wed, 13 Aug 2008 05:06:51 EDT Major business events and economic events scheduled for Wednesday: WASHINGTON--Commerce Department releases retail sales for July, 8:30 a.m. http://www.ibtimes.com/articles/20080812/calendar-of-major-business-events-for-wednesday.htm Tue, 12 Aug 2008 13:16:34 EDT The Investment Company Institute, the mutual fund industry's biggest lobbying organization, spent more than $1.4 million lobbying in the second quarter, according to a recent disclosure report. http://www.ibtimes.com/articles/20080731/mutual-fund-group-spent-1-4m-lobbying-in-2q.htm Thu, 31 Jul 2008 09:20:56 EDT Shares of insurers fell Friday along with the broader market amid continuing concern about the financial stability of mortgage giants Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080711/closing-glance-insurers-fall.htm Fri, 11 Jul 2008 16:19:58 EDT Shares of insurers fell early Friday as the broader market plunged amid fears Fannie Mae and Freddie Mac, the nation's largest purchasers of mortgages, would need a government bailout. http://www.ibtimes.com/articles/20080711/opening-glance-insurers.htm Fri, 11 Jul 2008 09:58:03 EDT Shares of insurers opened mixed Thursday morning as the broader market veered between positive and negative territory after the Labor Department said the unemployment rate held steady at 5.5 percent in June. http://www.ibtimes.com/articles/20080703/opening-glance-insurers-open-mixed.htm Thu, 03 Jul 2008 10:07:53 EDT ING Group has completed its $900 million acquisition of a retirement services venture jointly owned by Citigroup Inc. and State Street Inc. ING, a Netherlands-based financial services company, said Tuesday it received regulatory approvals for its acquisition of Quincy-based CitiStreet LLC. The transaction's closure comes two months after the deal was announced. http://www.ibtimes.com/articles/20080701/ing-closes-900m-acquisition-of-citistreet.htm Tue, 01 Jul 2008 12:48:54 EDT A U.S. unit of Netherlands-based financial services company ING Groep NV spent $470,000 lobbying the federal government in the first quarter, according to a recent disclosure report. http://www.ibtimes.com/articles/20080630/ing-unit-spent-470k-lobbying-us-government-in-1q.htm Mon, 30 Jun 2008 13:17:38 EDT Shares of insurers fell sharply Thursday along with the broader market as oil prices surged and companies in the financial, automotive and high-tech industries warned of slowdowns. http://www.ibtimes.com/articles/20080626/closing-glance-insurers.htm Thu, 26 Jun 2008 16:08:47 EDT Shares of insurers fell early Thursday morning after Specialty Underwriters' Alliance rejected a takeover bid that would have paid shareholders an 18 percent premium over Wednesday's closing price and as the broader market declined sharply. http://www.ibtimes.com/articles/20080626/opening-glance-insurers-decline.htm Thu, 26 Jun 2008 10:19:43 EDT The value of homeowners insurance liability claims resulting from dog bites increased 10.5 percent in 2007, according to a study released Wednesday by the Insurance Information Institute. http://www.ibtimes.com/articles/20080625/dog-bite-claims-cost-insurers-356-2m-in-2007.htm Wed, 25 Jun 2008 12:18:46 EDT Federal antitrust regulators on Wednesday cleared the sale of a retirement services unit jointly owned by Citigroup Inc. and State Street Inc. to Dutch bank ING Group NV. http://www.ibtimes.com/articles/20080618/regulators-ok-900m-sale-of-citistreet-to-ing.htm Wed, 18 Jun 2008 11:12:37 EDT ING Groep NV reported a 19 percent decline in first-quarter profits Wednesday and wrote down the value of its U.S. mortgage-related investments by $5.6 billion. http://www.ibtimes.com/articles/20080514/ing-reports-19-pct-drop-in-1q-on-insurance-earns.htm Wed, 14 May 2008 07:35:29 EDT Federal bank regulators plan to increase staffing 60 percent in its bank failure division in coming months to handle an anticipated surge in troubled financial institutions. http://www.ibtimes.com/articles/20080325/fdic-plans-staff-boost-for-bank-failures.htm Tue, 25 Mar 2008 11:54:01 EDT Stocks were mixed Wednesday after a rise in consumer prices and lackluster readings on home construction touched off further worries about the health of the economy. http://www.ibtimes.com/articles/20080220/stocks-mixed-after-weak-economic-reports.htm Wed, 20 Feb 2008 12:22:07 EST Among the earnings stories for Wednesday, Feb. 20, from AP Financial News: LONDON (AP) _ Shares of Alliance & Leicester PLC plunged Wednesday after the British mortgage lender reported a 41 percent drop in full-year profits and withdrew earnings expectations for 2008 and the following year. http://www.ibtimes.com/articles/20080220/earnings-roundup-alliance-leicester.htm Wed, 20 Feb 2008 11:49:28 EST