American International Group, Inc. (NYSE: AIG) is under pressure today after its new CEO Robert Benmosche, who has not even had a full three months yet on the job, has ... Read Full Story »
The DJIA has risen for eight straight days and the verdict is still out as to how today's close will go. With major indexes trading over 50% above their March ... Read Full Story »
Steve Jobs worked at Apple (AAPL) for $1 a year in 2000, just before the launch of the iPod which completely changed the company’s fortunes and made him astonishingly wealthy. ... Read Full Story »
Robert Benmosche has already come under a bit of fire for his pay package as the new head of troubled insurance giant American International Group, Inc. (NYSE: AIG). But critics ... Read Full Story »
AIG has already taken in $180 billion of taxpayer money and there is absolutely no reason to believe that most of it will be returned. The insurance company is still ... Read Full Story »
Reuters: A plan for universal healthcare in China could cut the savings rate. Reuters: Bank regulators are opposing the Obama shake-up of the system. Reuters: Bank of America (BAC) settled ... Read Full Story »
Troubled insurance and financial giant American International Group Inc. (NYSE: AIG) may have found a new CEO to run the company. Or dare we say... a new victim! Based upon ... Read Full Story »
These are the top Wall Street research calls with analyst upgrades and downgrades early this Tuesday morning: Aetna (AET) Raised to Sell from Conviction Sell List at Goldman Sachs; no ... Read Full Story »
Reuters: The promise of mobile TV is being destroyed by smartphone use of software applications. Reuters: More attacks on websites in the West are expected and North Korea is suspected. ... Read Full Story »
Finally, the stress tests are out for the US banking and financial institutions. Of the banks, 10 of 19 banks need a combined $74 billion of equity.The good news is ... Read Full Story »
According to Reuters, lenders will object to the Chrysler Chapter 11 filing. Reuters reports that Switzerland is asking US a court to halt a case against UBS (UBS). Reuters reports that SMFG ... Read Full Story »
According to Reuters, Ebay's (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon's (AMZN) are so expensive that investors are concerned. Reuters reports that ... Read Full Story »
There is one question that keeps making the rounds after the news of yesterday's TARP bailout money inclusion being offered to life insurers. Are these really close to falling into ... Read Full Story »
There is no end to it, this process of bailing out financial institutions. Once the banks were stable, the rest of the sector was supposed to become more solid. That ... Read Full Story »
A new Reuters poll of economists does not offer much hope for an improvement in the nation's financial condition. Many see unemployment topping 10%. The news service reports that "Median ... Read Full Story »