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Ex-AIG's Cassano breaks silence to federal panel

The former head of the AIG unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday and defended his role in an aggressive buildup of risky mortgage-linked securities.

SEC said to end probe of AIG and executives

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Market regulators have closed an investigation of American International Group and some of its executives over losses at the bailed-out insurance giant, two sources with knowledge of the matter said on Wednesday.

Prudential defends Asia bid amid shareholder anger

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British insurer Prudential's management sought to ease shareholder anger over its botched bid for AIG's Asian unit at a meeting on Monday, unveiling bumper sales and apologizing for the misadventure's huge costs.
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UK's Pru says sales up ahead of AGM

Insurer Prudential reported stronger sales growth ahead of its annual investor meeting, in an effort to appease shareholder anger over its failed bid for AIG's AIA Asian unit.
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Exchange execs to address Congress panel on sell-off

Senior executives from NYSE Euronext, Nasdaq OMX Group Inc and CME Group Inc will testify to a congressional panel on Tuesday on last week's shock sell-off in the stock markets, according to a witness list obtained by Reuters.
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Futures pointing to losses after sharp rally

U.S. stock index futures were lower on Tuesday, easing after the previous session's hefty gains and as concerns lingered about how Greece will get its budget deficit under control.
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Nasdaq names stocks with cancelled trades

Stock exchange operator Nasdaq OMX Group Inc issued the names of hundreds of stocks for which it is canceling trades following Thursday's sudden stock market plunge.
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Eyes on jobs, Greece and Goldman

April's jobs report and a slew of other economic indicators may bolster U.S. stocks this week, but jitters over Greece's debt and investigations into Goldman Sachs will test the market's resiliency.
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Goldman set to settle SEC fraud case soon: report

Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received this week.
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Americans losing confidence in healthcare

(Reuters) - Americans are steadily losing confidence in their ability to get healthcare and pay for it, despite the passage of healthcare reform legislation, according to a survey published on Wednesday.
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Goldman fends off accusations of exploiting bubble

Lower level Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients shitty deals and made billions off the market's collapse, in a high stakes Senate hearing.
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London City tower for sale with 300 mln stg pricetag

London City skyscraper Tower 42 is up for sale with a 300 million pounds ($461 million) pricetag as owners BlackRock and Hermes seek to profit from spiralling demand in the UK's stock-starved property market.
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S&P 500 dips on pharmaceuticals and technical resistance

Major U.S. stock indices erased earlier gains to trade negative for the day. Lower than expected consumer sentiment index, a technical resistance for the S&P 500, and declining shares of drug companies pushed the market down.

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