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AIG bonuses are being returned Washington » Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million. The Salt Lake TribuneAIG bonus debacle: What did Congress, White House know, and when? WASHINGTON » Cue the outrage. For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. The Salt Lake TribuneCooperative Bankshares gets cease-and-desist order from FDIC Coastal lender Cooperative Bankshares has become the second Wilmington bank in as many months to face a cease-and-desist order from the Federal Deposit Insurance Corp. Biz JournalLiddy offers olive branch to House Edward Liddy, the insurance industry veteran who came out of retirement to run AIG for $1 a year, came to Washington amid a political firestorm over the $170m in bonuses paid to executives who worked in the group's financial products business FTObama blasts AIG bonuses President Obama said Wednesday that no one in his administration had been responsible for supervising ailing insurance giant AIG but that ultimately, the buck stops with him. CNNHouse sets up vote on taxing AIG bonuses WASHINGTON (AP) -- Venting their outrage, lawmakers are preparing to slap heavy taxes on employee bonuses at insurance giant AIG and at other companies that have received large bailout packages from the government.... The Arizona RepublicWorkers` comp board seeks 24% increase A state and industry organization that recommends rates for workers' compensation insurance has approved a 24.4 percent increase in the "pure premium," or base rate, starting July 1. Biz JournalRate board OKs 24% workers` comp increase The Workers' Compensation Insurance Rating Bureau, an industry-supported advisory group, decided Wednesday to recommend a 24.4 percent July rate increase, roughly the same as earlier indications had suggested. Biz JournalMoody`s cuts Prudential Financial on weaker profitability SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Wednesday lowered Prudential Financial Inc.'s senior debt rating by two notches to Baa2 from A3, and also cut the long-term insurance financial strength rating of Prudential Insurance Company of America to A2 from Aa3. The two-notch downgrade was driven primarily by Prudential's reduced profitability, capitalization, and financial flexibility in the current harsh environment, as well as by the insurer's sensitivity to further capital strain if conditions worsen. 'The financial profile of Prudential continues to be hurt by its very substantial exposure to the variable annuity business with guarantees, as well as by the increased losses from its investment portfolio,' Moody's said in a statement. The outlook on Prudential's long-term rating is negative. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. Market WatchOutrage over AIG bonuses threatens to derail Obama President Obama was forced to defend his increasingly embattled Treasury Secretary today as the tidal wave of public anger over bonuses paid to the failed insurance company AIG threatened to destroy... BBC1 2 3 4 5 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]