AIG Looks to Speed Up Exit Plan
American International Group (AIG) is in talks with the government to accelerate its exit plan and repay U.S. taxpayers, thereby regaining its independence, according to , which cites unnamed sources.
During t...
Stocks in the News: BP, Apple, Genentech, Prudential, Oceaneering, Exxon Mobil
BP (BP) is finally seeing some success in capturing oil leaking from its damaged Macondo well in the Gulf of Mexico. The company said Monday that as of Friday the cap it attached to the top of the leaking wel...
AIG Earnings Hit by Massive Charges
Bailed-out insurance giant American International Group (AIG) said on Friday that it posted a third-quarter net loss of $2.4 billion, or $17.62 a share, as several large restructuring-charges totaling $4.5 bill...
High Nursing Home Bills Squeeze Insurers, Driving Rates Up
Dan Marschka/Intelligencer Journal via APAn instructor leads a word game for residents at a nursing home in Lancaster, Pa.
NEW YORK -- Thirty years ago, insurance companies had the answer to the soaring cos...
Goldman Sachs Back at Top in M&A
Fraud charges and criticism over bonus payments have not hurt Goldman Sachs Group's (GS) position as a global mergers and acquisitions powerhouse. In the first half of 2010, Goldman was No.1 in deals during the...
Bank of America’s $8.8 Billion Black Eye
"The largest loss in Bank of America's (BAC) history." That's the sound bite from the bank's second quarter earnings report, which disclosed an $8.8 billion bottom-line loss.
If it seems odd that B of A would a...
AIG Sets Deadline for Talks With Investors Ahead of AIA’s IPO
American International Group (AIG) will make a decision by early next week about whether to begin formal negotiations with strategic investors for its Asian life insurance unit AIA, Reuters reported.
Insurer ...
USA Just Says No to Bribery, and 5 Other Things You’ll Want to Know Today
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• The U.S. government may have its problems, but at least we're honest: According to anti-corruption watchdog Transparency International, the U.S. and Germany are the most active at enforcin...
Top CEOs Earn More Than Their Firms Pay in Taxes
Twenty five CEOs of America's top companies earned more money than their companies paid in taxes last year, according to the Institute for Policy Studies' Executive Excess report. The think tank "researched the...
AIG Anticipates Vote on Bailout Exit Plan, Eyes Debt Sale
American International Group's (AIG) board of directors is expected to vote Wednesday on a plan to exit the government's bailout program, according to a Bloomberg report citing comments made by AIG Chairman Ste...
New Car Models Ranked in Latest IIHS Safety Tests
Richard Drew/APCadillac's SRX SUV is a top safety pick.
Seven new midsize cars and SUVs from the 2013 and 2014 model years earned "superior" ratings in a new test of high-tech safety features designed to preven...
5 Things to Watch This Week: Tablets, iPhones, Talking Ducks and Visa
There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead once Monday rolls around.
1. Kindle Fir...
Goldman Sachs Defends Trades With AIG During Financial Crisis
Goldman Sachs (GS) defended its trades and collateral calls with bailed-out insurer AIG (AIG), saying they reflected market conditions during the financial crisis.
Critics have accused Goldman Sachs of benefi...
Mortgage Insurers Funneled Kickbacks to Lenders, Alleges CFPB
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On Thursday, the Consumer Financial Protection Bureau filed complaints against four mortgage insurers who the CFPB claimed had paid kickbacks to mortgage lenders. Mortgage insurance is often requir...