UPDATE 1-AIG in multistate settlement over life policies
Oct 22 - Insurer American International Group Inc has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies, Pennsylvania insurance authorities said on Monday.
GLOBAL MARKETS-Shares fall on corporate outlooks, euro gains
* Euro gains after Spanish voting clears way to aid request
China property loans surge in Q3
BEIJING, Oct 22 - Bank lending to China's real estate sector rebounded sharply in the third quarter helped by rising sales and investment, central bank data showed, the latest sign that house prices may be stabilising.
TREASURIES-Bond prices slip on supply pressures before sales
* Treasury to auction $99 billion of notes this week * Benchmark yields trade near their 200-day moving average * Fed not seen announcing new action at meeting this week By Chris Reese NEW YORK, Oct 22 - U.S. Treasury prices slid on Monday, erasing some of Friday's gains, as investors sought to cheapen prices before the sale of $99 billion of U.S. government debt this week. Treasuries also came under technical pressure as the yields on several maturities traded nea
AIG in multistate settlement over life policies
Oct 22 - Insurer American International Group Inc has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies, Pennsylvania insurance authorities said on Monday.
Canada not planning to privatize CMHC - official
OTTAWA, Oct 22 - The Canadian government denied on Monday a media report that suggested Ottawa might partially privatize the state-run housing agency, the Canada Mortgage and Housing Corporation Society (CMHC).
German real estate group LEG plans IPO - sources
FRANKFURT, Oct 22 - German real estate group LEG is considering an initial public offering of shares in the coming months that could value the company at close to 5 billion euros ($6.54 billion), two people familiar with the situation told Reuters on Monday.
Hot bond market spurs debate about bubble
Oct 22 (IFR) - US bond issuance in 2012 topped the USD1trn mark last week, pushing the year's total closer to the all-time record in 2007 - set just before the global financial crisis kicked in.
UPDATE 1-Solyndra bankruptcy plan approved over U.S. objections
WILMINGTON, Del., Oct 22 - Solyndra, the solar panel maker that failed despite a $528 million federal loan, on Monday won court approval for its plan to repay creditors and end its politically charged bankruptcy, after a judge overruled objections by the U.S. government.
UPDATE 3-Ally near deal to sell Canadian operations to RBC
* Deal could bring in at least $4 billion for Ally - source
Markets
- U.S.
- Europe
- Asia
- Sectors
DOW | 13,257.10 | -86.41 | -0.65% |
S&P; 500 | 1,424.56 | -8.63 | -0.60% |
NASDAQ | 3,002.80 | -2.82 | -0.09% |
TR US Index | 128.68 | -0.73 | -0.57% |
Sector Summary
Energy | -1.11% |
Basic Materials | -0.35% |
Industrials | -0.90% |
Cyclical Goods & Services | -0.72% |
Non-Cyclical Goods & Services | -0.48% |
Financials | -0.37% |
Healthcare | -0.53% |
Technology | +0.24% |
Telecoms | -0.57% |
Utilities | -0.76% |
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