The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
Japan's economy shrank less than initially estimated in the fourth quarter as companies ramped up capital expenditure, but the current account swung to a record deficit in January as a shift away from nuclear power pushes up fossil fuel imports.
Iran may be cleaning up a suspected nuclear-weapons development site to fool U.N. inspectors, Western officials briefed on satellite intelligence said Wednesday.
Leading software and technology companies on Wednesday pressed President Barack Obama's administration for quick action on a new Indian government policy that they said threatens exports to the fast-growing economy.
Consumer credit expanded sharply in January in a generally positive sign for the economy as people borrowed money to buy cars and go to school, Federal Reserve data showed on Wednesday.
Issa, avoiding many of the thread's more substantive questions, chose to focus on intellectual property, his favorite gadgets and his love for Two and a Half Men.
Ashton Kutcher and Demi Moore may not be together anymore, but that hasn't stopped Kutcher from having a relationship with his ex-stepchildren.
FBI Director Robert Mueller says agency will resort to physical surveillance teams.
Fiat SpA and Chrysler Group LLC CEO Sergio Marchionne said Tuesday at the Geneva Motor Show that production of the highly anticipated Dodge Dart may be pushed back from April 1 to April 2.
Companies increased their hiring in February, shoring up expectations that the labor market's recovery has moved into a higher gear.
Employers probably hired more than 200,000 workers for a third straight month in February, indicating that companies are feeling more upbeat about the U.S. economic recovery, economists said before a report this week.
A Monday report has revealed that an ammonia-treated meat byproduct has long been used in beef products at U.S. schools. This pink-hued substance, which the U.S.D.A calls “lean meat trimmings,” has historically been an ingredient in dog food and cooking oils.
AMR Corp, the bankrupt parent of American Airlines, on Wednesday proposed a plan to freeze pensions covering many of its workers, retreating from an earlier proposal to terminate them and leave them to government insurers, which could result in lower payouts.
Long-term unemployment harms the economy by causing former workers' skills to deteriorate, says Eric Lascelles, chief economist at RBC Global Asset Management.
While a bill to bar lottery winners from collecting governmental food assistance has been pushed and discussed in the Michigan Legislature, Amanda Clayton, who won $1 million last fall, reportedly still, collects $200 worth of food stamps a month. According to Yahoo news, the 24 year-old from Lincoln Park, Michigan said she will continue to collect her benefits until she is officially cut-off, despite her mega win.
Luxury watchmakers are hoping a stronger-than-expected recovery in the United States and global exposure will help them sail through a more challenging market in China, where the days of unstoppable growth are ticking by.
Toyota Motor Corp <7203.T> said on Wednesday it is recalling more than 681,000 cars and trucks in the U.S. market to address potential problems.
Vermonters overwhelmingly voted in favor of constitutional amendment that would clearly state that corporations do not have the same constitutionally-protected rights as human beings.
Rihanna and Chris Brown have been making headlines ever since RiRi was spotted exiting her abusive ex-boyfriend's dressing room at the Grammys, looking disheveled and sporting a coy smile.
