All Posts Tagged With: "American International Group"
AIG to Replace CEO Following Losses
American International Group Inc, the world’s biggest insurer, has announced it will replace CEO Martin Sullivan. The news comes after AIG reported record losses due to risky mortgage bets.
Sullivan follows the departure of a wave of Wall Street top execs, including the recent bloodletting at ailing investment bank Lehman Brothers.
“On Wall Street, after Bear Stearns fainted, the other financial firms took smelling salts,” says Bill Bonner in The Daily Reckoning.
The Dollar’s Ugly Stepsister Takes on the Yen
You can’t deny 2007 was the year of living dangerously in financial markets. So far this losing streak has continued through the first quarter—with the notable exception of soaring commodity markets!
This Week’s Profit Reports Could Render Final Verdict on First Quarter Earnings Season
With earnings season starting to wind down, investors are not anticipating many new surprises.
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