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August 2008
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Anti-tobacco lawyer Scruggs reports to Ky. prison

by Antelope Valley Press - Aug 05,2008

ASHLAND, Ky. (AP) — Anti-tobacco lawyer Richard "Dickie" Scruggs has reported to a federal prison in eastern Kentucky. Prison spokesman Larry E. Whitman says Scruggs entered a federal prison in Ashland at 11 a.m. EDT on Monday. He is beginning a ... [full story]

Deals that created Citi, others questioned as universal bank model shows cracks

by AP Associated Press - Aug 18,2008

NEW YORK (AP) _ America's biggest banks have suffered unprecedented losses from the ongoing credit crisis, and that's made some investors question whether the big financial conglomerates should be broken up in order to survive. Break-up advocates, who for months have ... [full story]

Aflac pays Goldman Sachs $825M to buy back shares

by AP Associated Press - Aug 27,2008

COLUMBUS, Ga. (AP) -- Aflac Inc. said Tuesday it is paying Goldman, Sachs & Co. $825 million to buy back Aflac's common shares as the health and disability insurer reaffirmed its profit outlook. Goldman Sachs Group Inc. will deliver shares to ... [full story]

Insurance companies "on-call," prepare for Gustav

by AP Associated Press - Aug 29,2008

CHARLOTTE, N.C. (AP) -- As Tropical Storm Gustav spun toward the Gulf of Mexico Thursday, insurance companies were ready to send adjusters and appraisers to assess damage from the storm if it does make landfall in the United States. They ... [full story]

Tropical storm warning issued for Louisiana coast

by AP Associated Press - Aug 03,2008

MIAMI (AP) — A tropical storm warning was issued Sunday for parts of the Louisiana coast as a tropical depression formed in the northern Gulf of Mexico. The warning was in effect from the mouth of the Mississippi River westward to ... [full story]

Tropical storm lashes Cuba with winds, rain

by AP Associated Press - Aug 17,2008

HAVANA (AP) — Cuba evacuated dozens of coastal communities and promised to protect foreign tourists Sunday as the approaching Tropical Storm Fay lashed the island with heavy rains, and forecasters warned it could turn into a hurricane. Cuban state media reported ... [full story]

Lone accountant takes on IRS and wins

by AP Associated Press - Aug 25,2008

It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute. Not only that, but tax experts say potentially millions of other taxpayers could benefit from his ... [full story]

MetLife spent nearly $1.3M lobbying in 2Q

by AP Associated Press - Aug 21,2008

WASHINGTON (AP) -- MetLife Inc. spent nearly $1.3 million in the second quarter lobbying on mortgage reform proposals and other issues, according to a recent disclosure form. The New York City-based company lobbied on numerous housing bills proposed in Congress ... [full story]

Nationwide Financial agrees to $2.4 billion buyout

by AP Associated Press - Aug 07,2008

COLUMBUS, Ohio (AP) -- Nationwide Mutual Insurance Co. said Wednesday that it will buy out its publicly traded retirement savings company Nationwide Financial Services Inc. for about $2.4 billion. The diversified insurance company will acquire all of the outstanding Class A ... [full story]

Laid-off workers still have health insurance options

by Baltimore Sun.com - Aug 05,2008

Individuals who find themselves a victim of a layoff or find a new job that doesn't offer health insurance face a difficult task in deciding how to replace that insurance. While the options may be more expensive than a subsidized ... [full story]

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