Noah Buhayar
Mall mergers accelerate with buyout of GGP, Providence Place landlord
NEW YORK - As the age of Amazon takes its toll on retailers, mall owners are finding it may be better not to confront the...
Buffett about to reap $12 billion profit on Bank of America...
NEW YORK - Warren Buffett’s bet on Bank of America Corp. is about to pay off with a roughly $12 billion windfall.
The billionaire plans...
MetLife wins extension to resubmit Fed capital plan
NEW YORK - MetLife Inc., the largest U.S. life insurer, got more time to submit a fresh capital plan to the Federal Reserve after...
Hedge funds forgiven for slump as insurers shun low-yield bonds
LONDON - Hedge funds are being spared punishment for their 2011 performance as insurers that suffered last year with lower-than-expected returns decide they won’t...
FM Global CEO says buy large-cap after boosting JPMorgan stake
NEW YORK - FM Global, the policyholder-owned insurer that counts JPMorgan Chase & Co. and Exxon Mobil Corp. among its top equity holdings, said...
Moynihan’s loan struggle may push BofA dividend boost to 2012
NEW YORK - Bank of America Corp. CEO Brian T. Moynihan said the firm’s dividend may not rise from 1 cent a share until...
BofA cuts 3,500 jobs in mortgage origination, Moynihan says
Bank of America Corp., the largest U.S. lender by assets, has been cutting jobs in the mortgage-origination business as demand falls for home loans.
“We...
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