April 2009
American International Group plans sale of U.S. auto business, 21st Century Insurance, to Zurich Financial Services
US taxpayer-bailed out insurance giant American International Group Inc. (AIG) is in advanced talks to sell its US personal lines insurance business, 21st Century Insurance, to Zurich Financial Services for about $2bn. Selling the unit, which includes ...
January 2009
Layoffs hits U.S. economy: Spread to More Sectors of the Economy!
On Jan. 26, U.S. companies slashed nearly 60,000 jobs new layoffs were announced at companies as varied as telecom giant Sprint Nextel, construction equipment maker Caterpillar, semiconductor manufacturer Texas Instruments, and pharmaceutical house Pfi...
November 2008
US Bancorp to Get $6.6B Federal Investment and Visa payWave
U.S. Bancorp said Monday it will get $6.6 billion from the Treasury Department’s program to invest $250 billion in banks to stimulate the economy and stabilize financial institutions. TCF Financial Corp. said it will get $361 million. Minneapol...
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