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.]
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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.
All Content
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General Motors to buy back US-owned stake. US to lose billions?
General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
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Stocks move higher as budget talks progress
Stocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street. Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.
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Stocks edge higher; Dow boosted by McDonald's
Stocks rose Monday despite concerns about the surprise resignation of Italy's prime minister. A strong sales report from McDonald's pushed stocks higher on Wall Street.
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Stocks waterlogged by Sandy's mounting costs
A solid October jobs report could not keep US stocks from falling Friday. Consumer discretionary stocks had the narrowest loss.
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Editor's Blog
Will the 'European dream' continue?Amid a protracted economic crisis, Europeans are unsure they want greater integration -- but rightly concerned about backsliding into the nationalistic divisions that long haunted the continent.
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Bad news from China sends stocks sliding
After last week's stock market rally, the Dow fell 52 points to close at 13,254 on Monday. Investors hope potential new stimulus funding will send stock prices bouncing back.
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AIG stock, $18B, to be auctioned by US Treasury Department
AIG stock owned by the US Treasury Department will be mostly unloaded, decreasing the Treasury Department's share to below majority stake. The $18 billion sale of AIG shares is the latest step to recoup taxpayer money spent on the bailout.
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The Reformed Broker
If you live by the sword investors, remember you die by it, tooThe impressive luck of one hedge fund manager has The Reformed Broker reminding investors that the stated return should never be the focal point - it should always be a question of "how was this return produced."
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Stocks inch higher as investors await Europe news
The major market indexes closed modestly higher, after wavering between slight gains and losses throughout the morning. Trading volume was light and the stock moves were small, as the Dow Jones rose rose 26 points to 12,127.
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EU calls for "banking union" to fight debt crisis
The European Commission proposed Wednesday that such a body should oversee banks directly, sidestepping national governments.
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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.'
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US stocks fall on disappointing jobs report
US stocks opened lower Friday after the government reported that hiring slowed in April.
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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.
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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
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The Simple Dollar
Banks are not your friendsFinancial 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.
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$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.
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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.
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Robert Reich
Why Obama should call for a breakup of big banksWhat 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?
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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.
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Robert Reich
Behind Europe's debt crisis lurks another Wall Street bailoutA 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
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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.]
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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.
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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.
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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.
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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.
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