Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: american international group

US Appeals court holds crisis bailout of AIG lawful (access required)

WASHINGTON — A federal appeals court has upheld as lawful the government’s bailout of American International Group in the heat of the financial crisis. It overturned a lower-court decision favoring the insurance giant’s former CEO. The ruling Tuesday by the ...

Read More »

Bernanke to give deposition in AIG bailout lawsuit

WASHINGTON — A U.S. judge has ordered that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International Group Inc. It is rare for a Fed chairman to ...

Read More »

Dow average dumps Kraft Foods for UnitedHealth

NEW YORK — The Dow Jones industrial average is dumping Cool Whip for copays. The Dow, perhaps the most widely known barometer of the U.S. stock market, announced Friday that it would boot Kraft Foods to make room for UnitedHealth ...

Read More »

Bernanke defends Fed response to financial crisis

WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central bank’s actions to ...

Read More »