The Federal Reserve prevented a global economic catastrophe with its response to the 2007-2009 financial crisis, Federal Reserve Chairman Ben S. Bernanke claime in in a speech on Tuesday.
A coup d'etat currently underway in Mali is not affecting gold production there, miners in the country are saying, as events related to the military uprising seem confined to the country's capital, hundreds of miles away from where gold deposits are located.
Walt Osterman is the author of Not Home Yet: A Tale Concerning Israel's Rebirth. He served in Vietnam and is a Bronze Star recipient. He lives in Wyoming.
Stocks were flat on Friday as data showed inflation remained in check last month as the domestic economy continues to improve, but consumer sentiment slipped.
The top aftermarket NYSE gainers Wednesday were: Flotek Industries, Crown Castle International Corp, Community Health Systems, El Paso Corp, Global Cash Access Holdings and Hovnanian Enterprises. The top aftermarket NYSE losers were: H&R Block, Jones Group, American International Group, Standard Pacific Corp, National Retail Properties and Texas Industries.
The U.S. Treasury is seeking to raise $6 billion by selling shares of American International Group Inc. (AIG), the insurer that was rescued in 2008.
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.
American International Group raised $6 billion through the sale of its stake in AIA Group, a move that allows the U.S. insurer to repay part of its government bailout.
American International Group, Inc. (NYSE:AIG) tagged Hong Kong investors in its Asian unit with a nasty surprise Sunday evening, announcing it will be selling a substantial amount of its stake in the subsidiary at a discount -- a move that will hurt current stockholders in the concern. AIG is pursuing the action in order to raise $6 billion, a small amount of the $182.3 billion bailout it received from the U.S. government in 2008 and is still to pay back in full.
Stock index futures eased on Monday after data showing a decline in European private sector activity last month and a lower target for China growth gave investors reason to pause.
Stock index futures fell on Monday after data showed Europe's private sector activity declined last month and China cut its growth target, reigniting concerns about the strength of the global economy.
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.48 percent, Dow Jones futures down 0.51 percent, and Nasdaq 100 futures down 0.54 percent at 5:52 a.m. ET.
American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out.
American International Group Inc. (AIG) has stated that it has started selling shares of AIA Group Ltd, listed in Hong Kong, for raising $6 billion, in order to repay the bailout it received from the U.S. government in 2008.
Buoyed by another round of better-than-expected economic data, the Standard & Poor's 500 advanced above its highest close since June 2008. Optimism on the economy also lifted the Dow Jones Industrial Average back above 13,000.
Stocks were little changed on Friday, hovering around highs not seen since June 2008, while energy shares gained alongside crude oil prices.
Housing, the weakest of the three legs of the stool supporting the U.S. economy, is finally firming up, or so it seems to investors, economists, real estate agents and buildings after a string of heartening reports so far this year.
U.S. stock index futures pointed to a slightly higher open for equities on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.1 percent to 0.2 percent.
The top aftermarket NYSE gainers Thursday were: Salesforce.com, 3D Systems Corp, American International Group, Magna International, Pacific Drilling, American Equity Investment, Rackspace Hosting and Suntech Power Holdings.
Shares of American International Group Inc. rose 6 percent in after hours trade on Thursday after it announced that the fourth-quarter profit jumped 77 percent, fueled by a tax benefit and an increase in the value of a stake in Asian insurer AIA Group Ltd .
Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, reported fourth-quarter profit of $19.8 billion. Favorable stock market conditions also helped offset large losses stemming from Thailand floods.
Bailed-out insurer American International Group reported a profit of $19.8 billion for the fourth quarter, after an accounting determination that it is likely to post future profits let it release the value of some tax benefits.
At least one large financial institution has approached the Federal Reserve Bank of New York with an offer to buy out the remaining mortgage-backed toxic waste bonds it received from AIG as collateral for a $19.5 billion bailout in 2008, according to Bloomberg News, as banks are looking to profit from what many see as an incipient turnaround in the U.S. housing market.
Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, is expected to return to profitability when it reports its fourth-quarter earnings after markets close Thursday. Favorable stock market conditions and less reserve charges may also helped offset large losses stemmed from Thailand floods.
The Darlings tells a fictional tale about the downfall of a hedge fund and the wealthy family that owns it during Wall Street's 2008 meltdown, but many aspects of the novel are drawn straight from author Cristina Alger's reality.
Lower value of the United States government's stock in General Motors Co. and American International Group will dump $21 billion more on the 2013 budget President Barack Obama released on Monday.
Foreign and U.S. banks warned lawmakers on Wednesday that broad application of U.S. swaps rules could undermine U.S. competitiveness abroad, increase the cost of hedging and even provoke brinkmanship among international regulators.
Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.
Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive of an airplane maker, the company said on Tuesday.
The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop.