The CEO of Chrysler said he took no pay in 2011 and that, based on financial results, the company is now worth $7.5 billion. (Reuters) The Treasury will sell $6 billion of…
The Treasury plans to sell $7 billion of AIG (NYSE: AIG) shares as it moves out of its investment in the insurance firm. The bailout of the company cost taxpayers over $150 billion. AIG and the Treasury plan…
Douglas A. McIntyre A disorderly default of Greece would cost one trillion euros as contagion would spread sovereign debt problems to Spain and Italy, the Institute of International Finance says. (Reuters) AIG (NYSE: AIG) raises…
American International Group Inc. (NYSE: AIG) may be back on track. After the U.S. sold a stake in the last year, pressure remained from the larger share float and the fears of…
Jon C. Ogg AIG (NYSE: AIG) continues to try to pay back the $182 billion bailout that it received from the federal government, which means from the taxpayers. It announced another stage in the process. It…
AIG (NYSE: AIG) to sell more than $6 billion in shares in its AIA unit to pay back government loans. (Reuters) Jaguar Land Rover and Chery plan a joint venture in China…
Steve Wynn pushes major shareholder Kazuo Okada off the board of Wynn Macau. (Reuters) AIG (NYSE: AIG) makes a large profit on portfolio gains. (Reuters) Apple’s (NASDAQ: AAPL) legal fight with Proview International…
American International Group, Inc. (NYSE: AIG) may be coming back into favor with investors. If its shares can mange to rise after a solid earnings, it might even be hated less by…
Jon C. Ogg Greek ministers will go to Brussels to meet with EU officials about restructuring of debt, but several details have not been resolved. (Reuters) Groupon (NASDAQ: GRPN) posts earnings that trouble Wall St. and…
Goldman Sachs Group Inc. (NYSE: GS) has purchased $6.2 billion (face value) worth of American International Group Inc. (NYSE: AIG) subprime mortgage bonds from the New York Federal Reserve Bank. The bonds…
Five big banks have been invited by the Federal Reserve Bank of New York to bid on a stack of subprime paper with an unpaid prinicipal balance of $6 billion that was…
Glencore and Xtrata agree to a $90 billion merger. (Reuters) Greek leaders face a deal for settling sovereign debt matters as workers strike. (Reuters) Toyota (NYSE: TM) posts good third-quarter profits and…
It is rare for one of America’s largest companies to lose a third or more of its sales in a brief time. When it happens, it is usually either because of market…
The Troubled Asset Relief Program (TARP) doled out more than $700 billion in 2009 and 2010, mostly to aid troubled banks boost their liquidity. More than $500 billion has been repaid, with…
Google (NASDAQ: GOOG) misses earnings expectations, which pushes shares down as much as 10%. (Reuters) IKEA posts a profit and grows in most regions of the world. (Reuters) Greece and private creditors…
