“Pay Czar” Kenneth Feinberg failed to reign-in Wall Street pay practices, according to a Congressional Oversight Panel report entitled “Executive Compensation Restrictions in the Troubled Asset Relief Program.” The panel did not…
Bernanke warned that sharp budget cuts could derail the recovery. (Reuters) The Hong Kong exchange said it was open to mergers after marriages began between North American and European exchanges. (Reuters) Facebook…
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
American International Group, Inc. (NYSE: AIG) has run into a snag on its giant secondary offering. The troubled insurance giant that nearly took down the financial system before being bailed out is…
Jon C. Ogg AIG (NYSE: AIG) said ailing CEO Benmosche will remain through 2012. (Reuters) The Financial Crisis Inquiry Committee has referred several cases of potential law violations from the credit crisis to authorities inside…
American International Group Inc. (NYSE: AIG) has announced an update on CEO Robert Benmosche’s battle against cancer. Mr. Benmosche should be able to fully remain in his position at AIG and on…
Jon C. Ogg The saga over government ownership of American International Group, Inc. (NYSE: AIG) is one which is likely to be with us for quite some time. It is hard to believe that CEO…
The heads of several major investment banks attempted to sell their services of an AIG (NYSE: AIG) plan to pay off money it owes taxpayers (Reuters) Forecasts from Intel (NASDAQ: INTC) helped…
AIG (NYSE: AIG) will meet banks to choose those that will handle the sale of the Treasury’s share in the company. (Reuters) With a split Congress it is less likely that there…
Goldman Sachs Group (NYSE: GS) will increase financial disclosure but the firm will do little else to change its business practices. (Reuters) A few economists believe the Fed could run out of…
There has been an amazing feat in 2010. All of the most recent companies which have been booted out of the Dow Jones Industrial Average have outperformed their replacement stocks and the…
American International Group Inc. (NYSE: AIG) keeps seeing Fairholme Capital Management, L.L.C. and Bruce Berkowitz take a larger stake in the company. AIG shares hit a new 52-week high just last week…
Jon C. Ogg Prudential Financial, Inc. (NYSE: PRU) has raised close to $1 billion. If no over-allotment shares are exercised, this figure is closer to $970 million. The insurer sold 18.35 million shares at $54.50…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
American International Group Inc. (NYSE: AIG) has some wide losses being reported, even if comparing these to any real estimates will be a challenging feat. Most headlines are keying on a $2.4…
Jon C. Ogg 
