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The count down continues – Bears Stearns, Northern Rock, Indy Mac, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch and so on and so forth. In our own eyes, hundreds of years of experience are thrown into the trashcan of greed.
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AP, Washington
The government’s plan to make sure private managers of a $700 billion bailout plan are free of conflicts of interest is weak, according to some critics, and...
made popular 1 hr. ago
AP, Washington
Global finance leaders are pledging cooperation between rich and poor nations to deal with a severe credit crisis after President Bush discussed the seriousness of the...
made popular 13 hr. ago
AP, Detroit
For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash. Lots of it, according to industry analysts.
made popular 16 hr. ago
AP, Washington
The International Monetary Fund says it strongly endorses a plan by rich countries to fight the global credit crisis.
made popular 17 hr. ago
AP, Washington
President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has...
made popular 17 hr. ago
As a country in the south Pacific, New Zealand is close enough to the big Asian economies to be strongly affected by developments there. Accordingly, Asian business is...
made popular 18 hr. ago
AP,
May 7, 1998: Stuttgart, Germany-based Daimler-Benz, the maker of the upscale Mercedes Benz, announces a $36 billion merger with Chrysler. The new company,...
made popular 18 hr. ago
AP,
General Motors Corp. and Chrysler LLC at a glance:
made popular 19 hr. ago
AP, Washington
President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has...
made popular 21 hr. ago
AP, Detroit
General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a...
made popular 23 hr. ago
I had promised myself not to write more than one blog a day but my anger is making me break my promise. This morning I was going through the terms subject to which...
made popular Oct 11 2008
Will it go down? Rumors are flying thick & fast about ICICI a leading private bank in India of which I am an old shareholder. This morning I got an SMS from them...
made popular Oct 11 2008
Asia’s financial system is little affected by the U.S. sub-prime mortgage problems that have triggered a global crisis, and the region overall will enjoy robust...
made popular Oct 11 2008
AP, Washington
President Bush says world’s wealthiest industrial countries will work together to attack the credit crisis spreading around the globe.
made popular Oct 11 2008
* Saturday: Despite desperate efforts to kick-start activity in the stalled markets, and re-instill investor confidence, Japan’s Nikkei continues to bear the blows of...
made popular Oct 11 2008
There is a tendency in the Philippines to ape what US authorities are doing with their financial markets. The tendency is to pattern the Philippine financial system to...
made popular Oct 11 2008
Living in Chile, I have seen the US economic crisis in a number of ways. The closest I have been to it is in the community I live in, Puerto Natales, Chile. Puerto...
made popular Oct 11 2008
Foreign investments in the Philippines bounced back in July but total capital from abroad remained thin compared to inflows last year due to the global economic...
made popular Oct 11 2008
Philippine share prices on Friday fell by triple digits as nervous investors dumped stocks in favor of cash amid the global uncertainty, analysts said. The property...
made popular Oct 11 2008
Philippine President Gloria Macapagal Arroyo said her government will spend more to stimulate the economy and protect growth as the world braces for the worst financial...
made popular Oct 11 2008
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AP, New York
Concerns about the health of American International Group Inc. were renewed Thursday, a day after the insurance giant said it would receive an additional $37.8 billion...
made popular Oct 9 2008
AP, Boston
Sen. John Kerry’s GOP challenger called on him to sell any stock he has in insurance giant AIG and donate all campaign contributions from officials at the company...
made popular Oct 9 2008
AP, Charlotte
The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the...
made popular Oct 8 2008
AP, Washington
The former CEO of American International Group Inc., has canceled his scheduled appearance at a House committee hearing examining the chain of events that led to the...
made popular Oct 7 2008
AP, Washington
The government’s rescue of American International Group Inc. last month is getting a critical eye from lawmakers examining the chain of events that forced a $700...
made popular Oct 7 2008
AP, Charlotte
The insurer American International Group Inc. said Friday it plans to sell off a number of business units to pay off its massive government loan.
made popular Oct 3 2008
AP, New York
American International Group says it will sell off a number of business units, while retaining its U.S. property and casualty and foreign general insurance businesses,...
made popular Oct 3 2008
AP, Charlotte
American International Group Inc. may have agreed to take the U.S. government up on a two-year, $85 billion loan to help stave off bankruptcy, but now the...
made popular Sep 24 2008
AP, Charlotte
American International Group Inc. may have agreed to take the U.S. government up on a two-year, $85 billion loan to help stave off bankruptcy, but now the...
made popular Sep 24 2008
AP, New York
American International Group Inc. said on Tuesday it completed the deal under which it is getting an $85 billion injection of taxpayer money, while the government gets...
made popular Sep 24 2008
AP, Charlotte
American International Group Inc. said Thursday it has named former Allstate Corp. Chief Executive Officer Edward Liddy as chairman and chief executive in the wake of...
made popular Sep 18 2008
AP, Washington
The Federal Reserve’s bailout of insurance giant American International Group reminded some of the most powerful members of Congress how little power they...
made popular Sep 17 2008
AP,
Text of Republican vice presidential candidate Sarah Palin’s remarks to reporters Wednesday on the bailout of AIG:
made popular Sep 17 2008
AP, Gustavus
Republican presidential candidate John McCain isn’t saying whether he supports or rejects the government’s $85 billion bailout plan for the giant insurer...
made popular Sep 17 2008
AP, New York
New York’s governor says he will allow American International Group Inc. to use $20 billion in subsidiary assets to provide the cash needed for the troubled...
made popular Sep 15 2008
AP, Wilmington
Attorneys for a Louisiana pension fund have reached a $115 million settlement in a shareholder lawsuit against former executives of insurance giant American...
made popular Sep 11 2008
AP, New Haven
Federal prosecutors in Connecticut say a scheme to manipulate the financial statements of the world’s largest insurance company, American International Group...
made popular Sep 5 2008
AP, New York
A few years from now, the world’s largest insurer might not be so large.
made popular Aug 7 2008
AP, New York
AIG’s Martin Sullivan lost his job as the head of the world’s largest insurer, becoming the latest CEO to be sent packing after racking up huge losses on...
made popular Jun 16 2008
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American International Group Bears Stearns Business CEO Charlotte fannie mae Federal Reserve Freddie Mac Indy Mac Lehman Brothers Meltdown Merrill Lynch New York North America Northern Rock Pictorial RE Trial United States Washington Images
Dana Point:
St. Regis Monarch Beach Resort photographed in Dana Point, Calif., Thursday, Oct. 9, 2008. This is the site where 50 top-notch insurance sales agents for an AIG subsidiary were awarded a three-night stay last month, just days after the insurance giant...
