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New Losses Spur Questions About AIG`s Health
AIG has revealed that it is on the hook for a previously undisclosed $10 billion in losses on its own speculative trades. It's a big problem for the company because the terms of AIG's $150 billion rescue package don't cover this type of loss.
NPR

Annual Reports 101: What the Numbers and the Fine Print Can Reveal About the True Health of a Company (Paperback) newly tagged ``accounting``
Annual Reports 101: What the Numbers and the Fine Print Can Reveal About the True Health of a Company (Paperback)By Michael C. Thomsett Buy new: $19.95$13.5749 used and new from $1.89 Customer Rating: First tagged 'accounting' by Simple Guy1 Customer tags: investing, investing principles, accounting
Amazon

Colby College Investment Group Beats Big Guns
The Colby Student Investment Association at Colby College, Maine, manages a $100,000 fund that has outperformed the Dow, NASDAQ and Standard & Poor 500. Alex Clegg, a senior at Colby and vice president of performance measurement of the student investment group, offers her insight.
NPR

Reed Elsevier scraps RBI sale
Anglo-Dutch media group abandons sale of Reed Business Information, publisher of Variety and New Scientist, in the face of 'the recent deterioration in macro-economic outlook and poor credit market conditions'
Telegraph

Neiman Marcus earns less in fiscal 1st quarter
NEW YORK (AP) - Neiman Marcus Group Inc. posted a lower fiscal first-quarter profit on Wednesday as a decline in same-store sales crimped revenue for the luxury retailer.
AOL

Rio Off the Floor, but Still in a Hole
Set the last few weeks at Rio Tinto Group to music, and the soundtrack would be segueing right about now from Tom Petty's 'Free Fallin'' to Gloria Gaynor's 'I Will Survive.'
Wall Street Journal

ProMutual Group: ProMutual Group Announces Significant Rate Decreases for State`s Physicians
BOSTON, MA (MARKET WIRE) New Jersey physicians and hospitals will see a drop in medical liability insurance rates from ProSelect Insurance Company ('ProSelect'), a member of ProMutual Group. Physicians and surgeons will receive an 11 percent decrease while healthcare facilities, including hospitals and clinics, will receive a 7.5 percent decrease. The company's decision will impact more than 3,000 physicians and many of the state's hospitals and facilities. The rate change became effective on December 1, 2008.
Marketwire.com

Pakistan May Ban Islamic Group
Pakistan is considering banning Jamaat-u-Dawa after India called on the U.N. to impose sanctions against the parent organization of Lashkar-e-Taiba. Pakistan confirmed the arrest of two commanders for the terror group.
Wall Street Journal

Americans Worry More About Insurance Than Health Problems
A recent poll shows that Americans are more concerned with accessing and paying for health care than they are about cancer, heart disease, AIDS, and other illnesses. According to...
about.com

Rio Tinto cuts 14,000 jobs, spending as demand falters
London » Rio Tinto Group, the world's third- largest mining company, will eliminate 14,000 jobs, reduce capital spending by more than half and sell 'significant assets' as demand for metals sinks in the global recession.
The Salt Lake Tribune

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