After creating a plan to radically alter AIG's operations to help repay billions in government loans, chairman and chief executive Edward Liddy is leaving his vision for the insurer in the hands of a whole new set of managers.
American International Group Chairman and Chief Executive Officer Edward M. Liddy plans to step down from the troubled insurance giant, now largely owned by the US government, after less than nine months on the job.
Stocks flopped Friday, capping a dismal week, as bank stocks pulled back after recent gains.
Stocks opened flat Friday as investors were encouraged by a pair of better-than-expected manufacturing readings but dismal economic data out of Europe and weak U.S. retail reports capped gains.
A modest pop in futures as the Consumer Price Index was flat, in line with expectations.
Futures pared losses Friday after a pair of better-than-expected manufacturing readings.
This is a strong rally, but not necessarily a bull market, said Tobias Levkovich, chief U.S. equity strategist at Citigroup.
Futures are off their highs, even as nonfarm payrolls losses were not as bad as expected at minus 539,000, better than the 600,000 losses expected and the smallest losses since October. March was revised lower to a loss of 699,000 versus 663,000 previously reported.
Unusual action has caught the attention of OptionMonster Jon Najarian. What does he make of it?
A growing number of food manufacturers are showing the staples in their portfolio a little more love these days in an attempt to remind frugal gourmets of the basics. How basic? Think butter and canned goods. This is not only because they want to cash in on consumers' newfound frugality, and defend against private label, but also because there have been fewer new product introductions vying for ad dollars.
People are more likely to trust their financial company if they advertise; they trust their bank or investment firm less if they don't.
What follows below is the transcript of my interview with legendary former General Electric Chairman & CEO Jack Welch on The Kudlow Report last night.
Following are the day’s biggest winners and losers. Find out why shares of JPMorgan and General Motors popped while Deere and Allstate dropped.
Following its second best day of the year yesterday, the markets are poised for a slightly lower open, with little reaction to President Obama’s first speech to a joint session of Congress.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.