UNITED STATES

AIG says repaid government $1.5 billion

IBTimes Logo
American International Group said on Thursday it has repaid the Treasury its remaining $1.5 billion preferred equity investment, but the insurer still owes taxpayers an estimated $45 billion for the bailout it received during the financial crisis.

Fed officials clash on view of economy

IBTimes Logo
The gap between the Federal Reserve's dovish core and its hawkish wing was on display on Thursday as a top Fed official said the economy is in better shape even as Fed Chairman Ben Bernanke focused on a source of weakness.
IBTimes Logo

AIG says repays U.S. government $1.5 billion

American International Group said on Thursday it has repaid the U.S. Treasury its remaining $1.5 billion preferred equity investment, but the insurer still owes taxpayers an estimated $45 billion for the bailout it received during the financial crisis.
More news
IBTimes Logo

Micron posts mixed quarterly results

Micron Technology posted quarterly revenue above expectations, but pressure on its sales of NOR flash memory hurt gross margins and contributed to a bigger-than-expected loss.
IBTimes Logo

Facebook buys 750 patents from IBM: source

Facebook has acquired hundreds of patents from International Business Machines Corp as the social networking company attempts to bolster its intellectual property portfolio in the wake of a lawsuit filed by Yahoo.
IBTimes Logo

GameStop expects higher sales this year

GameStop Corp gave a fiscal-year outlook on the high end of analysts' estimates, saying it expects to boost sales of used videogames and to benefit from new hardware from Nintendo Co Ltd.
IBTimes Logo

Wall Street's face in Washington to step down

The chief lobbyist for the largest U.S. financial institutions will step down at the end of 2012, after more than a decade of waging regulatory battles, a trade group said on Thursday.
IBTimes Logo

Canadian National Railway Buying 161 Locomotives

Canadian National Railway Co. (NYSE: CNI) said Thursday it is buying 161 locomotives to accommodate anticipated traffic growth over the next two to five years and boost operational efficiency.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.