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Fed Chairman Ben Bernanke

Live Stream of Bernanke Press Conference: Where to Watch

Here are two places to get a live stream of the news conference that Ben Bernanke, the chairman of the Federal Reserve, will hold today following the conclusion of a two-day meeting by the central bank's rate-setting committee.
Fed Chairman Ben Bernanke

Fed Meeting Preview: QE3 Has Arrived

Markets have been talking about QE3 for two years. Now, after a sovereign credit downgrade, the near collapse of the European financial system, and facing an anemic recovery that has only marginally helped heal the carnage in the labor and housing markets, the vast majority of financial pundits believe QE3 this week is "pretty much a given."
American International Group Inc CEO Robert Benmosche

US Will Cut Its AIG Stake To 23% From 53%, By One Estimate

Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
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Citigroup Settles Shareholder CDO Suit For $590 Million

Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis.
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Kodak May Call Off Patent Auction After Missing Deadline

Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it may call off its auction of 1,100 patents that was scheduled to conclude Monday. In a statement late Thursday, Kodak said it “has not reached a determination or agreement to sell the digital imaging portfolio.”
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Cisco Surges On Earnings, Outlook for Internet Growth

Shares of Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, soared more than 8 percent Thursday after reporting fourth-quarter net income that beat analyst estimates by a penny and as boosting its dividend 75 percent to 14 cents a share.

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