Obama angry over AIG bonuses
President Obama ordered treasury secretary Timothy Geithner Monday to take all legal action needed to stop the payment of nearly $165 million in bonuses handed out by AIG to its executives, according to IHT.
No more AIG for Manchester
AIG, the global insurance giant that has fallen on hard economic times to say the least, has informed Manchester United of the English Premiere League that they will not be renewing their sponsorship. The four-...
Fed bails out AIG
In an unexpected move, the Federal Reserve Bank of New York will loan nearly $85 billion to mortgage giant American International Group, effectively rescuing them from bankruptcy.
