Financial news on August 7th, 2010
Business and Financial news
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..
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..
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..
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..
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..
A record-tying grid from Joe Krozel. Read more..
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..
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..
Regulators seized the Ravenswood Bank of Chicago on Friday, bringing the number of closures this year to 109. Read more..
How old were you when you killed your first dragon? Read more..