Picture two young people trying to enjoy their wedding night in the bedroom right next to the groom’s parents, and you’ll get an idea of the frustrating yet touching comedic premise of Ayub Khan-Din’s warmhearted play, “Rafta, Rafta ...,” currently in a New Group production at off-Broadway’s Acorn Theatre.
Maurice R. Greenberg, the former chief executive and largest individual shareholder of AIG, is urging the insurer to postpone its annual meeting in the wake of its massive first-quarter loss, according to regulatory filing Monday.
Mortgage insurer PMI Group says it swung to a first-quarter loss, due to hefty payouts on default claims amid the nation’s subprime mortgage crisis.
Mesa Air Group Inc. hopes shareholders will soothe its financial troubles this week by allowing the airline to issue millions of new shares valued at nearly twice the company’s current market capitalization.
American International Group Inc. said Thursday it swung to a $7.81 billion loss in the first quarter because of losses tied to credit swaps and mortgage-related operations and that it plans to raise a total of $12.5 billion in new cash to shore up its capital base.
American International Group Inc. said Thursday it swung to a $7.81 billion loss in the first quarter due to losses tied to credit swaps and mortgage-related operations and that it plans to raise $7.5 billion through a stock offering.
Warner Music Group, whose artists include R.E.M., Green Day, Red Hot Chili Peppers, says higher costs and a shift to digital music led to a wider second-quarter loss, and that it would suspend its dividend in order to build cash reserves and lower debt.
The owner of a group home where 11 people died in a 2006 fire was charged with money laundering, conspiracy and health care fraud in an indictment that also names his wife and daughter.
Medical software company TriZetto Group says it has agreed to a $1.4 billion takeover by private equity firm Apax Partners.
Japanese stocks rose nearly 3 percent Friday, ending a three-day losing streak as investors picked up shares in a broad range of sectors amid hopes that Group of Seven financial officials will take steps to counter global economic jitters.
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President of Tissot Worldwide Francois Thiebaud, right, presented Indy Racing League driver Danica Patrick with a Tissot PRC100 2008 Danica Patrick limited-edition watch during a press conference at the Indianapolis Motor Speedway. Premier Swiss watch...
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