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NEW YORK (Reuters) – American International Group Inc and the U.S. government agreed on Thursday agreed on a plan that would accelerate the payback of bailout money and could yield a profit for taxpayers but also increase their risk.
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WASHINGTON/NEW YORK (Reuters) – A single trade by Waddell & Reed Financial Inc helped spark the cascade of market selling on May 6, said a source familiar with regulators’ report on the so-called flash crash.
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WASHINGTON (Reuters) – Lawmakers warned regulators not to let infighting or intimidation get in the way of their new responsibility to spot and defuse the next financial crisis before it becomes an economic disaster.
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NEW YORK (Reuters) – Societe Generale won the dismissal of a U.S. shareholder lawsuit accusing the French bank of concealing nearly 7 billion euros of losses from a massive trading scandal and exposure to subprime mortgages.
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NEW YORK (Reuters) – American International Group Inc’s board will meet later on Wednesday to discuss a plan that would allow the U.S. Treasury to exit its investment in the bailed-out insurer, AIG Chairman Steve Miller said.
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LONDON (Reuters) – BP Plc’s incoming Chief Executive Bob Dudley has ousted the oil group’s exploration and production chief following the Gulf of Mexico oil spill and promised to restructure the company to boost safety.
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BRUSSELS/MADRID (Reuters) – The European Commission proposed tougher semi-automatic sanctions on Wednesday on euro zone countries that breach EU budget rules, as trade unions staged strikes and protests against austerity measures.
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NEW YORK (Reuters) – Stocks dipped on Wednesday on investor caution after a strong rally in September, but analysts said buying by mutual fund managers to adjust portfolios at quarter-end may lift equities.
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WASHINGTON (Reuters) – The House of Representatives was set to pass a bill on Wednesday to put pressure on China to let its currency rise faster, fanning the flames of a long-running dispute over trade and jobs.
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CHICAGO (Reuters) – Family Dollar Stores Inc forecast profit for the current fiscal year that would beat most analyst estimates and said it will speed up the pace of new store openings, sending its shares up more than 4 percent.
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