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| 8:00AM 3/20/2011
Oracle, Discover and Tiffany are all expected to report year-over-year growth for their most recent quarters this week. Meanwhile, many will be looking for an updated snapshot of the housing market, with three sets of real-estate data coming out.
| 9:40AM 9/15/2009
The head of Allstate's (ALL) auto insurance unit thinks he made Warren Buffett blink. Bloomberg News reports that Allstate is bragging because Buffett's GEICO -- the third largest auto insurer (behind Allstate) which sells over the Internet and telephone -- has decided it needs to open storefronts...
| 8:45AM 8/18/2009
Does anyone who can't send a baseball into orbit, create the next hit YouTube video or cure cancer "deserve" to be paid $7 million ? I am not sure.
But what I can say is that paying that level of salary to American International Group Inc. (AIG) Chief Executive Robert Benmosche seems reasonable....
| 6:00PM 8/03/2009
What was a rumor in the morning became a fact this afternoon. AIG (AIG) has appointed a new president and CEO, Robert H. Benmosche , who was until recently the head of Met Life (MET).
Benmosche clearly has the credentials to run AIG as did the man who preceded him in the job, Ed Liddy, the former...
| 1:00PM 7/01/2009
When the going gets tough, the tough get going. That's true in life and in troubled corporations, such as American International Group Inc. (AIG).
Only three out of the 11 directors who oversaw the New York-based company as it began its death spiral remain on the board following yesterday's...
| 11:00AM 6/15/2009
Banks are clamoring to leave the government's financial rescue program, but insurers are eager to get in. Last week, Hartford Financial Group (HIG) announced it would participate.
And now Lincoln National (LNC) is following suit, taking $950 million from the Treasury Department as part a series of...
| 12:00PM 6/02/2009
In a recent interview with CNBC, Treasury Secretary Timothy Geithner predicted that repayment of Troubled Asset Recovery Program (TARP) loans could begin soon, and suggested that there might be decreasing interest in the government's plan to help banks with toxic assets. At the same time, JP Morgan...
| 3:30PM 5/19/2009
Six months ago, big insurance companies' refrain when it came to receiving capital injections from the Treasury's Troubled Asset Relief Program (TARP) was "what about us?" For at least two of the half dozen insurers approved last week to receive the balance-sheet stabilizing investments, that's now...
| 10:30AM 5/18/2009
The six insurance companies cleared by the Treasury Department last week to receive balance-sheet-bolstering capital injections from the Troubled Asset Relief Program (TARP) face a dilemma: The money could help them weather the investment losses sapping their strength but, as banks have found, it...
| 7:00AM 5/15/2009
It looked like the balance in the TARP fund would improve as banks paid back the loans they received late last year. But taxpayers will not be that lucky. Insurance companies have been lobbying for aid and now the Treasury plans to give it to them, too.
The federal government must have at least...