New York Life Insurance Co. agreed to buy asset manager IndexIQ, pushing into exchange-traded funds and adding offerings for retail investors who want to copy hedge-fund approaches.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and billionaire George Soros are poised for gains from a housing bet placed in the depths of the financial crisis.
American International Group Inc., the insurer that repaid a U.S. bailout, posted its first loss in five quarters on costs tied to a deal to sell its plane-leasing unit.
Berkshire Hathaway Inc. agreed to pay $142 million for Media General Inc.’s newspapers including the Richmond Times-Dispatch as Warren Buffett bets community-focused publications will weather an advertising slump.
