| EXCLUSIVE: Ex-AIG unit head Cassano back in U.S. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying investigat ...[more] |
| IMF says to revise up 2010 global growth forecast The IMF will raise its forecast for 2010 global growth to about 3 percent from 2.5 percent, said Murilo Portugal, the fund's deputy managing director. The revised forecast could come as soon ...[more] |
| FACTBOX: Cassano/AIG: Key comments at critical presentation AIG's then chief executive, Martin Sullivan. --He said any risk AIG had assumed through AIG Financial Product's credit default swap book tied to the U.S. residential housing sector was ...[more] |
| Xerox to buy ACS to expand back office services The cash-and-stock deal, Xerox's biggest ever and the first major move by new CEO Ursula Burns, is the latest in the technology services sector, where reliable revenue streams have attracted ...[more] |
| Speech recognition technology yet to find its voice The big question, however, is whether the technology -- which analysts believe is still taking "baby steps" -- is ready for the mass market. Analysts say despite the growing popularity ...[more] |
| FDIC to propose banks prepay 3 years of fees: source Such an option would give the Federal Deposit Insurance Corp more liquidity to deal with the sharp increase in bank failures, while banks would not be required to report the expense of the fee ...[more] |
| Abbott, J&J strike deals, boost vaccines Jumping on the vaccines bandwagon, Abbott Laboratories agreed to buy the drugs unit of Belgium's Solvay in a $6.6 billion (4.5 billion euro) cash deal. Abbott will gain Solvay's Dutc ...[more] |
| Abbott-Solvay a bitter pill for Nycomed banks On Monday, Abbott said it would buy the pharmaceutical arm of Solvay, its Belgian development partner, ending a months-long auction run by Citigroup, Morgan Stanley and Rothschild. Ab ...[more] |
| World Bank's Zoellick says wary of more Fed power "It should not be a surprise that American democracy is hesitating about authorizing the Fed to supervise systemic banking as well as operating monetary policy, adding to its power," World Ba ...[more] |
| FACTBOX: Tech companies swoop in on IT service providers On Monday, Xerox Corp said it plans to buy Affiliated Computer Services Inc in a deal valued at $5.4 billion. Xerox Chief Executive Ursula Burns said the company's revenue from servic ...[more] |
| Trichet: ECB won't keep money market support forever The ECB has been pumping billions of euros into money markets over the duration of the crisis in an attempt to restore order and to reduce the cost of borrowing for banks, firms and consumers ...[more] |
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