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Budget Ducks Big Benefit Cuts; Administration Wouldn't Tackle Entitlements Outside a Broader Deal on Deficit WSJ.com

President Barack Obama's budget proposal Monday will offer several measures to trim the federal deficit in the next 10 years. But it would leave largely unchanged the biggest drivers of future government spending: the Medicare, Medicaid and ...
Living Very Large; Shooting ranges, an indoor tennis court, a bedroom bigger than many houses: For a small cadre of very wealthy owners, building big is back. A bird's-eye view of some of the mega mansions going up across the country. WSJ.com

The latest project of Hyatt hotel heir Anthony Pritzker is a 49,300-square-foot building designed by an architecture firm in Paris. It involves a small army of specialized consultants and boasts amenities like a bowling alley, hairdressing ...
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Settlement Lifts Hopes For Housing Recovery WSJ.com

The $25 billion settlement with banks over alleged foreclosure abuses will provide financial relief to an estimated one million at-risk borrowers, raising new hopes for an economy still hurting from the mortgage bust.
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Reliance Capital Profit Drops 43% WSJ.com

MUMBAI – Indian financial services company Reliance Capital Ltd. Friday reported a 43% drop in third-quarter net profit, hurt by higher interest costs and a loss in its general insurance business.
Bigger cars get better insurance rates; Small economy cars can cost hundreds more MarketWatch

CHICAGO (MarketWatch) — You may think that new small, economy car you’re eyeing will save you money in the long run because gas costs will be lower than your neighbor’s minivan, but think again: The insurance rates could wipe those savings ...
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The Real Trouble With the Birth-Control Mandate; Critics are missing the main point. There are good reasons that your car-insurance company doesn't add $100 to your premium and then cover oil changes. WSJ.com

When the administration affirmed last month that church-affiliated employers must buy health insurance that covers birth control, the outcry was instant. Critics complained that certain institutions should be exempt as a matter of religious ...
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New Consumer Insurance Forms to Start in September WSJ.com

The Obama administration released finalized new rules for how health insurers describe what their plans cover Thursday, and told insurers that they have until September to prepare the documents for the new open enrollment season.
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Judge Hands SEC Initial Victory in Suit Against Insurance Fund WSJ.com

WASHINGTON—A federal judge Thursday handed the Securities and Exchange Commission a partial victory in its suit against an agency that insures U.S. brokerage accounts to force it to pay investors in R. Allen Stanford's alleged $7 billion ...
Can Fender Benders Raise Home Insurance Rates? SmartMoney Blogs

A preponderance of fender-benders and speeding tickets could add to some consumers' insurance rates – not just on auto policies, but for a homeowners policy, too.
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MF Customers Protest 'Wrongful Act' Insurance WSJ.com

Customers of MF Global Holdings Ltd. say the failed brokerage shouldn't pay for a potential "wrongful act" legal defense of former Chief Executive Jon Corzine and others with money from MF Global's own insurance subsidiary.
Law Firms Pony Up for Insurance WSJ Blogs

It used to be pretty rare for a big law firm to get slapped with a lawsuit. But claims aimed at lawyers themselves are increasingly common, and law firms are bulking up on insurance to protect themselves from expensive liability claims.
Insurers Look to 'Expert' to Make Their Case as Regulators Weigh Financial Overhaul WSJ Blogs

Roy Woodall, the insurance expert on the Financial Stability Oversight Council, was the last addition to a panel overhauling rules for the financial industry, but he's not the least important for insurance companies.
The Elder-Care Crapshoot; As more boomers require long-term care, a growing industry offers guidance for seniors. But how trustworthy -- and costly -- is it? SmartMoney.com

When Deborah Lanne went looking for live-in care for her ailing, 80-year-old father, she was initially optimistic: His long-term-care insurance policy required that a professional geriatric-care manager conduct an assessment of his needs, ...
Asian Markets Mostly Lower WSJ.com

Most Asian markets closed lower Friday after euro-zone finance ministers withheld approval for a second bailout in Greece, calling for recently approved austerity measures to be ratified before more funds would be released.
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Bank Negara Indonesia Is In Japanese Investor Talks WSJ.com

HONG KONG—PT Bank Negara Indonesia is in talks with Japanese investors who are seeking to buy a stake in its life-insurance unit, according to a BNI senior official.

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