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Tuesday, May 21, 2013 | 8:54 a.m.

Financial Services

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Rates mixed at weekly US Treasury bill auction

Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in five weeks. The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.045 percent. That's unchanged from last ...

Michigan Democrats lay out auto insurance bills

Detroit's Democratic state House Caucus is laying out an effort to change Michigan's auto insurance policies. The package of legislation was revealed during a news conference Monday in Detroit. Republicans control the state Legislature. Under the proposal, insurance companies couldn't use credit history, education or occupation in determining a person's ...

Equity firm sports betting bill dies in Nevada

A plan to allow private equity firms to wager chunks of cash at casino sports books was scratched by Nevada lawmakers, along with a measure to make federal election outcomes moneymaking fodder for oddsmakers. Both measures died Friday when they failed to make it out of committees. SB346, sponsored by ...

Rite Aid adds former health insurer CEO to board

Drugstore chain Rite Aid Corp.'s board of directors has elected former Blue Shield of California Chairman and CEO Bruce G. Bodaken to its board of directors. Bodaken, 61, served as Blue Shield's chairman and CEO from 2000 to 2012. The San Francisco-based nonprofit company is one of California's largest insurers ...

BC-US--Foreign Exchange, US

Foreign Exchange, New York prices. Rates for trades of $1 million minimum. Fgn. currency US$ in in US$ fgn. currency Mon. Fri. Mon. Fri. Argentina Peso .1907 .1910 5.2450 5.2350 Australia Dollar .9821 .9737 1.0182 1.0270 BahrainDinar 2.6523 2.6523 .3770 .3770 BrazilReal .4906 .4908 2.0385 2.0373 Britain Pound 1.5269 1.5173 ...

NH businesses learn about health overhaul law

Individuals and small businesses shopping for health insurance through New Hampshire's new online marketplaces will choose from among several plans offered by a single company. Anthem Blue Cross/Blue Shield of New Hampshire will be the only insurer selling either individual or small group plans through the new markets, or exchanges, ...

3 companies to offer insurance in MT marketplace

Three health insurance companies plan to sell health insurance through the federal insurance marketplace in Montana. Montana Insurance Commissioner Monica Lindeen says Blue Cross Blue Shield of Montana, PacificSource Health Plans and the Montana Health CO-OP filed paperwork with her office by the May 15 deadline. In August, insurers will ...

Key events involving Yahoo and its performance

Yahoo has reached a deal to buy online blogging forum Tumblr for $1.1 billion, the latest acquisition under CEO Marissa Mayer. Yahoo is paying mostly cash for Tumblr and expects to complete the deal by the end of the year. Here are key events involving Yahoo Inc. and its performance ...

Kimco sells Mexican shopping center properties

Shopping center owner Kimco Realty Corp. said Monday that the sale of a nine-property Mexican shopping center portfolio to a local real estate operator has been completed for 2.78 billion pesos ($227 million). The buyer is also assuming 573 million pesos ($47 million) of mortgage debt in the deal. Kimco ...

FILE - In this Oct. 1, 2012 file photo, Tumblr founder David Karp participates in the "Bloomberg Leadership Summit" seminar in New York. In a deal announced Monday, May 20, 2013, Yahoo is buying New York-based Tumblr, the online blogging forum, for $1.1 billion. About $275 million will go to Karp, 26, who dropped out of high school to concentrate on computer programming and started Tumblr six years ago. (AP Photo/Charles Sykes/Invision for Advertising Week)

Key events involving Yahoo and its performance

Yahoo has reached a deal to buy online blogging forum Tumblr for $1.1 billion, the latest acquisition under CEO Marissa Mayer. Yahoo is paying mostly cash for Tumblr and expects to complete the deal by the end of the year. Here are key events involving Yahoo Inc. and its performance ...

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