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AIG sells auto insurer for $2 billion
The deal is CEO Ed Liddy's biggest since he took over the troubled insurer. But the company still has a long way to go in order to pay back the govern...
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Rolling the dice on AIG
The taxpayer-owned insurer, much derided for its blunders in the derivatives casino, becomes a highly sought-after lottery ticket.By Colin BarrLess th...
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AIG的亞洲救星和對手
保險業(yè)巨頭美國國際集團（AIG）一直與其前亞洲子公司美國友邦保險（AIA）維持著特殊的關(guān)系。畢竟，AIG是由富有冒險精神的加利福尼亞人C.V.斯塔爾于1919年在上海創(chuàng)辦的。斯塔爾是亞洲人壽保險業(yè)的先驅(qū)。AIG在1950年退出中國市場，即毛澤東領(lǐng)導的共產(chǎn)黨建立新中國的一年后。但AIA仍然是一顆皇冠上...
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The AIG fiasco keeps getting worse
By Colin BarrThe AIG bailout isn't going away, much as Treasury Secretary Tim Geithner might like it to.The $180 billion fiasco was back in the news T...
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GMAC headed for $5 billion loss
By Colin BarrGMAC, the troubled finance company that last week scored a third government bailout, said Tuesday it expects to post a record fourth-quar...
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Why the Fed saved AIG and not Lehman
Why did the government save AIG after letting Lehman Brothers fail?Bill Thomas, the former congressman who is the vice chairman of the Financial Crisi...
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Dump the auto dealers?
GM and Chrysler want to trim their distribution channels, but Congress is standing in the way.By Alex Taylor IIIFrom the cries of protest emanating fr...
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Big banks mint money again: $18.7 billion
The biggest banks are minting money. Can they keep it up? Do we even want them to?The six biggest bank holding companies - Bank of America (BAC, Fortu...
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Driving change: Innovation is key to the future of the U.S. auto industry
Government needs to support research for clean energy-powered cars. But auto makers need to make their own success.By Steve Westly and Mindy LubberAme...
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Good news, bad news on derivatives
U.S. banks' exposure to potential derivatives losses drops 10% in the first quarter - but remains a scary-looking $1.42 trillion.By Colin BarrThe ever...
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