Financial news on August 7th, 2010

Business and Financial news
A.I.G. in Talks to Pay U.S. Debt, Chief Says

The American International Group has begun talks with the federal government over how to finish repaying its $130 billion taxpayer-financed bailout, its chief executive said on Friday. Read more..

By MICHAEL J. de la MERCED - The New York Times

A Man With Muffin Secrets, but No Job With Them

To protect its recipe, the maker of Thomas’ English muffins has gone to court to prevent an executive from working for a rival. Read more..

By WILLIAM NEUMAN - The New York Times

A Push for Bonds as Shares Fall

Treasury prices rose, but rates fell. The yield on the two-year Treasury note briefly fell below 0.50 percent for the first time ever. Read more..

By CHRISTINE HAUSER - The New York Times

A Slowdown in Trade, but a Pickup in Services

Big gains in global trading appear to be over for now, but the fact that service companies are getting more domestic orders suggests economic resiliency. Read more..

By FLOYD NORRIS - The New York Times

Battle Looms Over Huge Costs of Public Pensions

State governments have promised more in benefits than they have in their pension plans, leading to battles over who should pay to fill the gap. Read more..

By RON LIEBER - The New York Times

Better Than Life

A record-tying grid from Joe Krozel. Read more..

By JIM HORNE - The New York Times

Fed Nominee Said to Lack Experience

The Senate returned the nomination of Peter A. Diamond, an economics professor, to the White House, saying he was too inexperienced for the Federal Reserve board. Read more..

By SEWELL CHAN - The New York Times

In the Black for a Year, Ford to Restore Its Chairman’s Pay

William Clay Ford Jr., the great-grandson of the carmaker’s founder, will receive $4.2 million in cash this year and stock options worth about $11.6 million. Read more..

By NICK BUNKLEY - The New York Times

Ravenswood Bank Becomes the 109th to Fail This Year

Regulators seized the Ravenswood Bank of Chicago on Friday, bringing the number of closures this year to 109. Read more..

By REUTERS - The New York Times

Sunday: 3 x 8

How old were you when you killed your first dragon? Read more..

By JIM HORNE - The New York Times

See what else happened on August 7th, 2010