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Struggle at AIG - A CNBC Special Report
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Current DateTime: 06:23:46 09 Jan 2009
LinksList Documentid: 26738236
  • New Boss Has Game Plan

    Former Allstate CEO Edward Liddy steps in as chairman and chief executive, saying the company needs to move quickly to decide what should be sold but stresses no liquidation is planned.


    Current DateTime: 06:23:46 09 Jan 2009
    LinksList Documentid: 26738235
     

    LATEST HEADLINES:



    Current DateTime: 06:23:47 09 Jan 2009
    LinksList Documentid: 26738237
      • Nationwide Inquiry on Bids for Municipal Bonds 10 hrs ago

          The federal investigation that prompted Gov. Bill Richardson of New Mexico to withdraw his nomination as commerce secretary offers a rare glimpse into a long-simmering investigation of possible bid-rigging, tax evasion and other wrongdoing throughout the municipal bond business, the New York Times reports.

      • AIG Executives Won't Get $3 Million Windfall 07 Jan 2009

          Seven senior executives of American International Group, the insurer that is getting $152 billion of U.S. taxpayers' money, will not get $3 million in deferred compensation that they were expecting to be paid by April.

     

    LATEST VIDEOS:



    Current DateTime: 06:23:47 09 Jan 2009
    LinksList Documentid: 26738234
      • Unemployment at 7.2%  57 mins ago

          The U.S. unemployment rate is now 7.2%, the highest since 1993. Scott Paul, of the Alliance for American Manufacturing; Steve Grasso, of Stuart Frankel; and the CNBC news team discuss.

      • The Case for American Public Education (APEI)  3 hrs ago

          American Public Education is that rare company that can genuinely benefit from unemployment, says Cramer.

      • Weighing Unemployment  7 hrs ago

          Assessing whether job losses have hit bottom, with Tig Gilliam, Adecco Group North America CEO; Brian Bethune, Global Insight U.S. economist; and CNBC's Melissa Francis.

      • Award Season Kick Off  8 hrs ago

          A look at the business of show biz, with Michael Goodridge, Screen International U.S. editor

      • Fighting in Gaza Continues  9 hrs ago

          The fighting in Gaza continued this week, despite a UN Security Council resolution calling for an "immediate" and "durable" ceasefire. David Hartwell from Jane's Information Group spoke to CNBC.

      • Pension Tension  13 hrs ago

          Wall Street's meltdown has taken away peace of mind for millions of public sector workers, with Richard Ferlauto, American Federation of State, County and Municipal Employees (AFSCME) director, pensions/benefits and Sean Egan, Egan-Jones Ratings Company president

      • Futures Point to Negative Open for US  15 hrs ago

          Futures indicate a negative open for the US stock market Friday. But if the December jobs report is worse than expected, Vince Farrell, CIO at Soleil Securities Group, sees the market initially shaky on the news, but recovering later in the day. He sees the economy recovering in the second half of '09.

      • 'Worst Jobs Numbers Since 1982' Seen  15 hrs ago

          Ahead of the December US nonfarm payrolls data Friday, Vince Farrell from Soleil Securities Group sees a bearish 600,000 jobs lost in the US. While Peter Cardillo from Avalon Partners is less pessimistic, with a prediction of 450,000 jobs lost.

      • Boeing's Order Drop is Not Fatal  08 Jan 2009

          Boeing has lost its title as the biggest plane maker to Airbus after reporting a 50% drop in orders. But this should not be weighted too heavily. Nicholas Ionides, regional managing editor, Asia at Flight International tells CNBC's Chloe Cho why.

      • State of American Employment  08 Jan 2009

          The big picture of the state of American employment, with Jonathan Tasini, executive director at the Labor Research Association, and Charles Biderman, of Trim Tabs Investment Research



     

    SPECIAL REPORTS:



    Current DateTime: 06:23:48 09 Jan 2009
    LinksList Documentid: 26743397
    • Protect Your Wealth

        How are investors in the Asia Pacific region handling the global financial turmoil?

    • Financial Crisis Hits Europe

        European nations are scrambling to stem the wave of bank failures across the continent.

    • Wall Street In Crisis

        Wall Street was badly shaken Sunday by the failure of Lehman Brothers, the takeover of Merrill Lynch and big asset sales by AIG.

    • The Fall of Lehman Brothers

        It's official -- Lehman Brothers files for bankruptcy protection.  But the Chapter 11 filing will not include its broker-dealer operations or the Neuberger Berman unit.

    • Fannie & Freddie Takeover

        The US Government seizes control of the two mortgage finance companies, launching what could be its biggest federal bailout ever, as the credit crunch claims two more corporate victims.

    • Collapse of Bear Stearns

        JPMorgan Chase said it would buy stricken rival Bear Stearns for just $2 a share in an all-stock deal that values the U.S. investment bank at about $236 million.

     

    SLIDESHOWS:



    Current DateTime: 06:23:48 09 Jan 2009
    LinksList Documentid: 26708558
    • Global Market Selloff

        Stock markets around the globe suffered dramatically during the week ending October 10th but how bad was it really? Here are the numbers.

    • Europe's Bank Guarantees

        European finance ministers moved to reassure banking customers by agreeing to raise the threshold for bank-deposit guarantees from current levels.

    • Credit Crisis Play by Play

        The US government has taken a number of dramatic steps—both conventional and extraordinary—to try to remedy the problem. Take a look at what's been done.

    • Failed Banks This Year

        Take a look at the failures of 2008 as measured by total assets and the cost to the FDIC’s deposit insurance fund.

    • Credit Crunch Timeline

        Hasty takeovers, government bailouts, bankruptcy filings, CEO ousters and lots of interest rate cuts. Click ahead for the big events of the big bust.

    • Largest US Bankruptcies

        Lehman Brothers' bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court.


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