U.S.
AIG Was Unprepared for Crisis, Had `No One in Charge,' Ex-Top Lawyer Says American International Group Inc.
was unprepared for the financial crisis that forced the insurer
to accept a $182.3 billion bailout from the U.S. government, the
company’s former general counsel said.
Retail Sales Unexpectedly Rose in February as U.S. Consumers Braved Storms Americans braved blizzards and
overcame job concerns to propel retail sales in February,
pointing to a broadening in growth that will help sustain the
expansion.
Most U.S. Stocks Fall on Drop in Consumer Confidence; Citigroup Retreats Most U.S. stocks fell, pulling the
Standard & Poor’s 500 Index down from a 17-month high, as a drop
in consumer confidence overshadowed an unexpected increase in
retail sales.
Apple's Cook Gets $5 Million Bonus, Stock for Work During Jobs's Absence Apple Inc. awarded Chief Operating
Officer Tim Cook a one-time bonus of $5 million and 75,000
restricted shares for filling in while Chief Executive Officer
Steve Jobs was on medical leave.
Lehman Bankruptcy Report Points Way to Plaintiffs, Not Prison, Lawyers Say A 2,200-page bankruptcy report a
year in the making may point the way for plaintiffs looking to
sue former Lehman Brothers Holdings Inc. officials, lawyers
said, rather than grand juries probing possible crimes.
WaMu's $5.95 Billion JPMorgan Settlement Less Than Shareholders Estimated Washington Mutual Inc. will collect
at least $5.95 billion, less than the $20 billion estimated by
shareholders, in a proposed settlement of the bankrupt company’s
yearlong battle with federal regulators and JPMorgan Chase & Co.
Geithner Says U.S. to Recover Faster, Stronger Than Other Major Economies Treasury Secretary Timothy F.
Geithner, offering his most optimistic outlook on the economic
recovery to date, predicted the U.S. will rebound from the
recession faster and more vigorously than other advanced
economies.
Toyota Rebuts Lawmaker Towns's Comment About Withholding Rollover Records Toyota Motor Corp. rebutted a
comment by the chairman of a U.S. House investigating committee
that it “deliberately withheld” records it was legally
required to produce in a lawsuit by a former in-house lawyer.
Lincoln National Doubles Salary of Chief Glass After Taking Government Aid Lincoln National Corp. more than
doubled the salary of Chief Executive Officer Dennis R. Glass,
whose successful bid for U.S. capital got the company almost $1
billion in bailout cash in July.
Waste Management `Undercover Boss' Found Customers Along With Wake-Up Call Waste Management Inc.’s president
is learning that reality-television shows may be one man’s trash
TV and another’s public-relations treasure.
Pelosi Signals Aim to Pass Health-Overhaul Bill Before Obama Trip to Asia U.S. House Speaker Nancy Pelosi
signaled her determination to seek passage next week of
legislation overhauling the health-care system after President
Barack Obama put off the start of his Asia trip until March 21.
Clinton Calls Netanyahu to Condemn Israel's Plan for Jerusalem Settlements U.S. Secretary of State Hillary
Clinton called Israeli Prime Minister Benjamin Netanyahu to
lodge “strong objections” to Israel’s announcement of a Jewish
housing project in east Jerusalem during Vice President Joe
Biden’s visit to Israel this week.
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