State Farm drops coverage of 2,600 holders: report
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State Farm Fire & Casualty Co., citing losses from storms, said it will not renew coverage for about 2,600 policyholders mainly in Alabama's beach resorts, the Associated Press reported on Monday.
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The United States should abandon its   $20 billion-a-year farm subsidy system in favor of programs   that protect farmer income through insurance policies and land   stewardship, a blue-ribbon panel said on Wednesday.
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Government support to farmers in the Organization for Economic Co-operation and Development (OECD) fell in 2006 both in cash terms and as a share of farm receipts, the OECD said on Tuesday.
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The Vanguard Group said on Tuesday it  has lowered expense ratios on six portfolios in its 529 College  Savings Plan sponsored by the state of Nevada.
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Securities regulators gave more than 2,000 public companies a brief reprieve from new rules requiring them to assess the strength of their financial safeguards.
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Hibbett Sporting Goods Inc. on Thursday said its second-quarter results dropped 6 percent year-over-year on weaker licensed apparel and fitness-equipment sales, missing industry estimates.
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State Street ousted a senior executive and said it would set aside $618 million to cover legal claims stemming from investments tied to mortgage securities.
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Credit Suisse  said it marked down the value of asset-backed investments by $2.85 billion, wiping $1 billion from its net income and sending its shares plummeting.
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Fitch Ratings has affirmed its 'AA+' insurer financial strength ratings  on State Farm Mutual Automobile Insurance Company (State Farm), State  Farm Life Insurance Company (State Farm Life), and State Farm Life and  Accident Assurance Company. The Rating Outlook is Stable.
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Assets of the nation's retail money market mutual funds fell by &#36;3.14 billion in the latest week to &#36;842.55 billion, the Investment Company Institute said Thursday.
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Sallie Mae Chairman Albert L. Lord sold $18.3 million worth of company stock last week, just days before the Bush administration unveiled a multibillion-dollar cut in subsidies to the lending industry that caused Sallie Mae shares to plummet.
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NEW YORK - Shares of investment firm State Street  fell after investors balked at the $4.5 billion price tag it paid for a smaller rival in February, but weakness in the shares now gives investors the chance get a piece of the firm when it is poised to benefit from expanding global securities markets, Barron's reported on Sunday.
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Bank of America Corp  said it will lay off about 2,500 workers in Illinois and 1,500 in Michigan over the next two years in connection with its $21 billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO Holding NV .
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By Anita Lee, The Sun Herald, Biloxi, Miss.  Jun. 4--GULFPORT -- State Farm and policyholder Michael McCoy settled a Hurricane Katrina case before the start of a scheduled trial this morning in U.S. District Court.   Katrina swept away McCoy's home, leaving only a slab.
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U.S. stocks fell on Thursday after a report showed business activity in the Midwest contracted in November for the first time in 3 1/2 years, dimming the outlook for corporate profits.
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THE REGION New York Times Co.'s debt rating was cut one level to BBB, the second-lowest investment grade, by Standard &amp; Poor's, which cited falling advertising sales and the broader newspaper industry decline. The short-term corporate credit and commercial paper ratings for the New York publisher were also lowered, S&amp;P said. Total advertising revenue fell 8.5 percent to $157.3 million ...
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THE REGION State regulators heard testimony again on a new system for apportioning among automobile insurers those drivers that no company wants to cover voluntarily. The so-called assigned-risk plan was put in place at the end of the Romney administration, but Governor Deval Patrick put it on hold so a study group appointed by his administration could review it. The ...