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Reuters (Free subscription) | 9 hours ago
... so far committed $354 billion to bailing out troubled large banks, automakers and insurance group American International Group Inc.Paulson, who has led the plan's implementation, said the Treasury is still working on plans for future capital investments in banks using the TARP, and on "creative ways to leverage the TARP resource for consumers outside the banking system" in his final...
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Jamaica Gleaner :: Business (Free subscription) | 1 hour ago
... in the financial markets _ such as acquiring 80 percent control of insurance and financial giant American International Group Inc. _ are not reflected in the estimates.Obama and Congress are promising quick enactment of the economic recovery plan, which will blend up to US$300 billion in tax cuts with big new spending programs and could cost up to US$775 billion over the next few...
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Daily Advance - Business (Free subscription) | 10 hours ago
Under Treasury Department accounting, the bailout spending is reflected only as the government makes the payments; as of mid-December, those disbursements totaled $238 billion. Exposure to the taxpayer stemming from the Federal Reserve Board's extensive interventions in the financial markets — such as acquiring 80 percent control of insurance and financial giant American International Group...
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Star Tribune (Free subscription) | yesterday
... in the financial markets — such as acquiring 80 percent control of insurance and financial giant American International Group Inc. — are not reflected in the estimates.
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Daily Advance - Business (Free subscription) | yesterday
Under Treasury Department accounting, the bailout is reflected on a cash basis with disbursements reflected as the government makes them; as of mid-December, those disbursements totaled $238 billion. Exposure to the taxpayer stemming from the Federal Reserve Board's extensive interventions in the financial markets — such as acquiring 80 percent control of insurance and financial giant ...
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Boston Globe (Free subscription) | yesterday
STOWE, Vt.—Stowe Mountain Lodge is facing a number of lawsuits from people who planned to buy slopeside condominiums in the resort's new luxury development.Since the lodge opened last summer, the resort's owner, American International Group Inc., nearly collapsed and was bailed out by the federal government.Some buyers are concerned about the resort's uncertainty and the delays in closing...
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Law Blog - WSJ.com (Free subscription) | 06/01/2009
Maurice R. "Hank" Greenberg, the former chief executive of American International Group Inc., said he might have considered bidding for the firm's HSB Group Inc. unit if he had known it would be sold for $742 million."We believed that it would never be sold for under a billion plus," said Mr. Greenberg in an interview.Mr. Greenberg's comments Tuesday came a day after he sent a...
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MSNBC.com: U.S. Business (Free subscription) | 06/01/2009
... away with millions of dollars after their firms received taxpayer money. Last week, Citigroup Inc., which has received $45 billion for the government, said it would place strict limits on management's compensation, including no severance for its top five executives. As part of the decision, Citi CEO Vikram Pandit and Chairman Win Bischoff opted to forego their 2008 bonuses. In November,...
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BailoutSleuth (Free subscription) | 04/01/2009
... that are participating in the program. Our list excludes General Motors Corp., Chrysler LLC and American International Group Inc., which got money from the Treasury Department under different rescue programs with different terms. It also excludes $20 billion in additional aid that the Treasury Department extended to Citigroup Inc. when it became apparent that the $25 billion...
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Deal Junkie (Free subscription) | 02/01/2009
Not so great : Less expensive hotels fared better than those on the high end. Struggling companies shied away from luxury hotels, particularly after American International Group Inc. endured intense criticism for spending $440,000 on a lavish retreat for its top-producing life insurance agents days after the U.S. government gave it a $85 billion bailout loan. The weeklong event was held...
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Seattle Times (Free subscription) | 31/12/2008
American International Group Inc. is preparing to ask the Federal Reserve to relax rules on how bidders pay for assets as it tries to repay a $60 billion loan, according to a report in the Financial Times Wednesday.
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Miami Herald (Free subscription) | 31/12/2008
American International Group Inc. is preparing to ask the Federal Reserve to relax rules on how bidders pay for assets as it tries to repay a $60 billion loan, according to a report in the Financial Times Wednesday.
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Daily Advance - Business (Free subscription) | 31/12/2008
CHARLOTTE, N.C. — American International Group Inc. is preparing to ask the Federal Reserve to...
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Miami Herald (Free subscription) | 01/01/2009
General Motors, Eli Lilly are big moversThe Associated PressNEW YORK -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:NYSEGeneral Motors Corp., down 60 cents at $3.20 The automaker's financing arm, GMAC, said bondholders agreed to swap debt for equity to help it qualify for federal aid.Watson Pharmaceuticals Inc., up 70 cents...
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San Fransisco Chronicle (Free subscription) | 01/01/2009
NYSEGeneral Motors Corp., down 60 cents at $3.20The automaker's financing arm, GMAC, said bondholders agreed to swap debt for equity to help it qualify for federal aid.Watson Pharmaceuticals Inc., up 70 cents at $26.57The FDA approved a generic version of the nicotine gum Nicorette, which the company plans to start selling in January.Eli Lilly & Co., up 60 cents at $40.27The FDA will review...
