Capital One Financial Corp. said Thursday that its first-quarter net income tumbled 25 percent from the same period last year, when the lender booked a hefty gain from its acquisition of online bank ING Direct.

American International Group lost $4 billion in the last three months of 2012 as the insurer absorbed costs related to damage caused by Superstorm Sandy and the sale of its airplane leasing unit.

Schwab Retirement Plan Services says that employees who enrolled in an all-index fund 401(k) plan launched by the company about a year ago saw the expenses on their funds drop nearly 80 percent.

American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs.

I've started to consider whether retiring overseas might be a good strategy. Moving to countries like Mexico, Ecuador and Thailand, where the cost of living can be far lower than in the U.S., can turn a modest nest egg into something more substantial.

Reverse mortgages represent an alluring proposition for seniors, but as a retirement income option, there are plenty of pitfalls to the arrangement.