Topic: American International Group Inc.

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Meg Whitman new HP CEO. What firm has more CEO change?

Fortune 500 companies are supposed to be stable, rock-solid institutions, where CEO change rarely happens. But it doesn't always happen that way. Just ask Hewlett-Packard, which announced Thursday that Meg Whitman would be the company's new chief executive officer, the fourth HP CEO in six years. In the past six years, only 16 companies on the Fortune 500 or S&P 500 have had three CEOs, according to executive search firm Crist Kolder Associates in Hinsdale, Ill. Besides HP, only two have had four or more. Can you guess who these CEO change champions are? [Editor's note: This story was updated 9/23/2011.]
Top 5 overlooked stories of 2010

Here are five 2010 developments that probably didn't get as much attention as they should have, given their potential import to America in the years ahead.

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JPMorgan reveals huge $2 billion trading loss

JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
US stocks fall on disappointing jobs report

US stocks opened lower Friday after the government reported that hiring slowed in April.
Stocks rise as Greece nears debt swap deal

The Dow gained 70 points to close at 12907 Thursday as Greece closed in on a deal to restructure its debt and avoid a default.
US stocks slip on foreign worries

US stocks faltered Monday on trouble in China and Greece. The Dow lost 14 points to close at 12962
The Simple Dollar
Banks are not your friends

Financial institutions do  not give you money because they want your dreams to come true. They give you money for their own gain. Here are the best ways to reduce your reliance on these businesses.
$132.9 billion: Remember TARP? It still owes you.

$132.9 billion short, the 2008 US bailout of the financial system could continue through 2017. Some of the $132.9 billion TARP money will never be recovered.
Freddie Mac CEO, others leaving in shakeup

Freddie Mac will lose CEO Haldeman, its chairman, and two board members in coming months. It's the biggest management shakeup at Freddie Mac since the US took it over in 2008.
Robert Reich
Why Obama should call for a breakup of big banks

What better way for the president to distinguish himself from Romney than to condemn Wall Street’s antics since the bailout and call for real reform?
Occupy Wall Street: Who are targets of 'millionaires march'?

Occupy Wall Street protesters Tuesday marched on the residences of some of the power brokers who they say are responsible, at least in part, for the nation's economic ills.
Robert Reich
Behind Europe's debt crisis lurks another Wall Street bailout

A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008
Meg Whitman new HP CEO. What firm has more CEO change?

Fortune 500 companies are supposed to be stable, rock-solid institutions, where CEO change rarely happens. But it doesn't always happen that way. Just ask Hewlett-Packard, which announced Thursday that Meg Whitman would be the company's new chief executive officer, the fourth HP CEO in six years. In the past six years, only 16 companies on the Fortune 500 or S&P 500 have had three CEOs, according to executive search firm Crist Kolder Associates in Hinsdale, Ill. Besides HP, only two have had four or more. Can you guess who these CEO change champions are? [Editor's note: This story was updated 9/23/2011.]
Bank of America: Fireproof it with 'asbestos deal'?

Bank of America's woes are so large that it could take a page from the asbestos settlements trusts of more than a decade ago. Bank of America faces a raft of lawsuits claiming it knowingly sold them securities backed by shoddy home loans.
Faulty mortgage loans catch up with 17 big banks

Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
No deal yet on debt crisis. How will Asian markets and Wall Street react?

Washington’s self-imposed deadline to do something credible on the debt crisis before the Asian financial markets opened on Sunday passed in silence. "There could be extreme turmoil in markets," says one expert.
Why GOP vows to block Obama nominee for consumer-watchdog agency

The sweeping financial reform legislation passed by Congress a year ago created the Consumer Financial Protection Bureau. President Obama nominated its first director Sunday, but Republicans are against the structure of the entire agency.
Stocks end modestly higher as energy gains

The Dow rose about 38 points, with DuPont rising and Verizon falling. The Nasdaq rose about 15 points.
'Too Big to Fail' – real story's not over

'Too Big to Fail' movie ends early in the crisis. But policymakers, public still struggling with aftermath of 'too big to fail' decisions.
Stocks close lower after choppy session

The Dow fell about 25 points, after rising and falling throughout the session. A positive call on commodities by Goldman Sachs drove up the price of oil and metals.
Stocks end sharply lower as oil prices tumble

After rising more than 75 points on Tuesday, the Dow dropped 130 points on Wednesday
Robert Reich
The battle for the soul of the GOP

In the match between Wall Street and the Tea Party, who will win the Republican soul?
Stocks close higher on commodities rally

Following a strong show on Friday, the Dow rose 45 points, led by oil and precious metals
Stocks close lower ahead of jobs report

Dow falls 139 points and S&P drops 0.9 percent. Investors wait for direction from Friday's employment numbers.
Stocks power to multiyear highs for April

Stocks rise to highest levels since 2008. Dow gains 490 points for the month of April. S&P is up nearly 38 points.
NFL season in judge's hands? One of five things to watch April 6.

NFL season could be saved if judge lifts an injunction on the lockout. Plus: Monsanto and Bed Bath & Beyond earnings and hot rental housing market.
Stock market melt-up? One of five things to watch March 30.

Stock market has done the opposite of a melt-down this quarter, despite crises in Egypt, Libya, and Japan. Without gains in just two sectors, however, the stock market would be far less buoyant.