Famous consumer advocate Ralph Nader has renewed his efforts on behalf of common shareholders of bailed-out Fannie Mae and Freddie Mac, reports TheStreet.com.» Read More
*Bid by Chinese consortium to value ILFC at $5.5 billion. *ILFC has been expanding in Asia since beginning of 2012. HONG KONG, Dec 7- A group of Chinese companies, including Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion, two sources familiar with the matter said on riday.
*Bid by Chinese consortium to value ILFC at about $5.5 billion. By Michael Flaherty and Denny Thomas. HONG KONG, Dec 7- A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion, a source familiar with the matter said on Friday.
*ILFC had total assets worth $39.6 billion. HONG KONG, Dec 7- A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group's aircraft leasing unit for around $5.5 billion, a source familiar with the matter said on Friday.
HONG KONG, Dec 7- Shares in Chinese state-owned insurer PICC Group surged nearly 8 percent in its Hong Kong trading debut on Friday, a rare bright spot in an otherwise dismal year for initial public offerings in the city and most other big regional markets.
*Assets dwindled to $1.45 bln from $5 bln two years ago. BOSTON, Dec 6- Hedge fund Diamondback Capital Management, one of a handful of firms embroiled in a government insider trading investigation, told investors it would close down after nervous clients demanded the return of more than a quarter of its assets.
BOSTON, Dec 6- Hedge fund Diamondback Capital Management, one of a handful of firms embroiled in the government's insider trading probe, told investors that it will close down after nervous clients pulled out more than half a billion dollars in assets.
HONG KONG, Dec 6- Hong Kong shares edged lower on Thursday, dragged down by financials and a weak day for mainland markets as investors paused after the previous session's jump to a three-week high.
HONG KONG, Dec 6- Chinese shares slipped on Thursday, flattening gains in Hong Kong, as alcohol producers came under renewed pressure over contamination fears. The China Enterprises Index of the top Chinese listings in Hong Kong crept up 0.1 percent.
Asian shares were mixed on Thursday after U.S. President Barack Obama said a deal to avert the so-called fiscal cliff of year-end tax hikes and spending cuts was possible in "about a week" if Republicans compromise on taxes.
*Slump could pressure PICC Group debut on Friday. HONG KONG, Dec 5- Shares in Zhengzhou Coal Mining Machinery slid in their first day of Hong Kong trade after underwriters of the $300 million offering were stuck in the rare position of holding unsold stock, underscoring poor demand that bodes ill for Chinese insurer PICC's bigger debut on Friday.
In 2008, the Fed Funds rate didn't move from April to October. Was the Fed afraid it was impotent?
Federal Reserve sharply increased its payments to the Treasury during the first nine months of the year, data released on Thursday showed, with part of the gain due to the repayment of emergency loans to help rescue Bear Stearns and AIG.
MEXICO CITY, Nov 5- International groups tasked with safeguarding the world banking system conceded they would miss a deadline for new rules aimed at limiting risk and boosting transparency in the $648 trillion over-the-counter swaps market.
HONG KONG, Nov 5- International Lease Finance Corp, the aircraft leasing arm of American International Group Inc, has shrugged off threats from a growing number of domestic players in China, its biggest single market, saying it has the ``first mover'' advantage with over 200 planes on order.
Nov 2- American International Group Inc will focus on managing its debt coverage ratio rather than share buybacks now that the Federal Reserve has become the company's primary regulator, Chief Executive Bob Benmosche said on Friday.
*EPS of $1.13 vs 86 cent Street view. The remaining stake pertains to AIG shares the Treasury Department owns in exchange for capital it infused. Last quarter, the Treasury Department sold $26.5 billion worth of AIG shares, including approximately $8 billion purchased by AIG.
Nov 1- Disaster modeling company Eqecat now estimates that monster storm Sandy caused up to $20 billion in insured losses and $50 billion in economic losses in the United States, the company said on Thursday.
NEW YORK, Oct 29- Wall Street firms were set to open with limited staffing in New York City on Tuesday as stock markets remained closed due to Hurricane Sandy's approach and many New York- based bank employees worked from home.
NEW YORK, Oct 28- Wall Street firms were set to open with limited staffing in New York City on Tuesday as stock markets remained closed due to Hurricane Sandy's approach and many New York- based bank employees worked from home.
BOSTON-- Shares of property insurers fell more sharply than the broader market on Friday as investors weighed the potential for heavy damages from Hurricane Sandy, which was heading north from Haiti and Cuba toward the East Coast.