Coverage: Suit over government bailout of AIG
In a weird twist, former AIG head Maurice Greenberg is suing the government over its 2008 bailout of AIG. The trial is set to start Monday and should be interesting in what it reveals. Leslie Scism had these details in a story for The Wall Street Journal: Maurice R. “Hank” Greenberg built American International Group Inc. into a […]
Coverage: Treasury overpays GM, Ally Financial execs
Just when you think TARP is over, the U.S. Treasury is coming under attack for executive pay at General Motors and Ally Financial. It’s hard to even remember that the government owns stakes in these companies. Danielle Ivory had these details in The New York Times: Top executives at General Motors and Ally Financial, both of which received […]
Coverage: Wal-Mart wants to be your bank
Not only does Wal-Mart want to sell you everything under the sun for less, it also wants to be your bank. It’s been rumored for years, but now it looks like Wal-Mart is moving forward with offering checking accounts. Forbes writer Samantha Sharf had these details about the retailing giant’s latest plans: Wednesday Wal-Mart and […]
Coverage: Home Depot breach gets bigger
The Home Depot breach just keeps getting worse. The number of fraudulent deals from compromised cards is increasing and the company is coming under fire. What’s worse is that apparently Home Depot knew there could be problems, but chose to ignore them. The New York Times reported in a story by Julie Creswell and Nicole […]
Coverage: Government tries to curb inversions
The U.S. government is tired of companies moving overseas to avoid paying corporate taxes. But can they actually do anything about it? The Treasury Department seems to think so. Bloomberg’s Richard Rubin and Ian Katz had these details about the newly announced plan: The Treasury Department announced steps that will make it harder for U.S. […]
Coverage: The implications of rising college tuition
While students on college campuses across the country as well into their semesters, the rising cost of going to school continues to be a hot topic with the media. The Pittsburgh Tribune had a story this weekend by Debra Erdley talking about how hard it is for parents and students to understand loans: Little about […]
Coverage: The biggest IPO ever
Well, it doesn’t get more exciting than this – the biggest initial public offering in the history of initial public offerings was sold tonight. Alibaba, the Chinese online retailing giant, raised billions of dollars. And everyone had something to say about it. Leslie Picker had this story for Bloomberg: Alibaba Group Holding Ltd. (BABA), the […]
Coverage: Fed standing strong
The Federal Reserve Board is sticking with its current stimulus and interest rate policy, according to a statement released Wednesday. It cited unemployment as the main reason for the decision. Binyamin Applebaum had this story for The New York Times: The Federal Reserve stuck with its commitment to its stimulus campaign Wednesday, rejecting the argument […]
Coverage: Calpers bailing on hedge funds
After becoming one of the first pension funds to invest in hedge funds, Calpers is one of the first to bail on all their investments, saying it will pull nearly $4 billion from fund managers. The New York Times had this story by Alexandra Stevenson and Michael Corkery: The California Public Employees’ Retirement System, the nation’s […]
Coverage: A beer conglomerate is brewing
The battle for being the king of beers (although mostly cheap, mass-produced ones) is apparently heating up. Some analysts are unsure if the rumored sale will be allowed to go through, while others predict more consolidation in the industry. Shayndi Raice, Peter Evans and Matthew Dalton had this story for The Wall Street Journal: Anheuser-Busch […]
