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Federal Reserve Board saves AIG in return for ownership stake (episode)
They didn't do it in for Lehman brothers or Merrill Lynch, but the Federal Reserve Board stepped in last night to stop insurance giant AIG from going under. The company is getting an ...
Wall Street rallied around news the Federal Reserve Board would help keep AIG, the world's largest insurance company, alive.
Hurricane Ike is gone, but the Midwest is now dealing with its aftermath: severe flooding. Excess water is pouring into the Mississippi, Missouri and Meramec Rivers, posing serious ri...
The House of Representatives passed a long-awaited energy bill late Tuesday night. The bill expands the areas open to offshore oil drilling, cracks down on subsidies for big oil comp...
They've made headlines every day this week, but bailouts and financial flameouts are a part of American history. The American colonies were bailed out by the French during the Revolut...
Nigeria is the fifth-largest supplier of crude oil to the United States. (The United States is Nigeria's biggest single export market.) Behind this lucrative business relationship, ...
As of Tuesday night, the global insurance company AIG has a new lease on life. Federal Reserve Board officials have stepped in, something they didn't do for Lehman Brothers or Merril...
The markets are in turmoil and what do our presidential candidates have to say about it? Both campaigns have released new campaign ads responding to the state of the economy.
As the Shakespearean drama on Wall Street continues — with the chorus asking what (or who?) could be next — The Takeaway looks at the role of the Securities and Exchange Commission in...
Israel's ruling Kadima Party is holding an internal election today to choose a new leader. The party's previous leader, Ehud Olmert, announced his resignation over allegations of corr...
Food manufacturers are increasing the healthful properties of orange juice, chocolate, yogurt, peanut butter and countless other products by adding "nutraceuticals," foods (or part of...
It's the second time this month that the federal government has put taxpayer money on the line to rescue a private-sector financial company. On Wednesday, European shares were trading higher.
topic:takeaway:economics topic:takeaway:markets topic:takeaway:economy topic:takeaway:region_north_america contributor:97220 contributor:97221
Today, the United States is reporting that four soldiers and an Afghan national have been killed in a bomb blast in Afghanistan. It happened as U.S. Secretary of Defense Robert Gate...