Six U.S. mortgage insurers, including units of Radian Group Inc. and Genworth Financial Inc., formed a lobbying association to push for a broader role for the industry in a revamped housing-finance system.
Northwestern Mutual Life Insurance Co., the No. 2 seller of the coverage in the U.S. last year, is turning to property investments and private deals after scaling back from stocks during last year’s rally.
Russell Investments, the indexing and fund-management unit of Northwestern Mutual Life Insurance Co., is drawing takeover interest from suitors including Blackstone Group LP and Bain Capital LLC as Goldman Sachs Group Inc. solicits bids for the firm, people with knowledge of the matter said.
The Bernard Madoff trustee, who will try to reinstate hundreds of lawsuits through an appeal to be argued March 5 in Manhattan, had his chances of success dealt a blow last week when the U.S. Supreme Court decided a case involving R. Allen Stanford’s Ponzi scheme.
Sturm, Ruger & Co. shares fell the most in more than a year after the largest publicly traded U.S. firearms maker reported quarterly earnings that missed analysts’ estimates for the first time since 2009.
In Milwaukee, 54 percent of the population rents and the remaining 46 percent are homeowners. And in the past year the Milwaukee real estate market has seen an 2.8 percent increase in value, with a median sales price of $110,700, according to Zillow.