FDIC problem bank list hits 416, insurance fund falls
The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss. Read Full Article here.
AIG CEO defends holiday, slams lynch mob attacks
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc says he's getting a lot of work done from his massive villa overlooking the Adriatic. Read Full Article here.
Boeing sees 787 flight this year, expects charge
Boeing Co (BA.N) said on Thursday its 787 Dreamliner would make its first flight by the end of this year, with initial delivery expected in the fourth quarter of 2010, and its shares shot up 8 percent. Read Full Article here.
Regulators open inquiry into wireless industry
The U.S. Federal Communications Commission launched an inquiry on Thursday to examine the state of competition in the wireless industry, taking a step that could lead to probes of other sectors. Read Full Article here.
US retailers could see '09 holiday sales fall-study
U.S. retailers could see sales in the 2009 holiday season decline from last year's dismal results or show only a slight increase, even in the best scenario, according to a new forecast. Read Full Article here.
Ford adds shifts at two truck plants
Ford Motor Co said on Thursday it is adding shifts at its truck plants in Michigan and Missouri in response to increased demand for its F-150 pickup trucks and Escape SUVs. Read Full Article here.