5:29 p.m. | Updated Shareholders of the Dollar Thrifty Automotive Group rejected on Thursday a nearly $1.5 billion takeover offer from Hertz Global Holdings, and Hertz, as promised, ended the bid, opening the door for the Avis Budget Group to pursue its own higher offer for the company. The defeat for Hertz came a day [...]
Democratic incumbent governor Ted Strickland of Ohio is seeking a second term in office against Republican challenger John Kasich, a former congressman. As part of a Politics Daily series providing background about the major candidates in the 2010 midterm elections, here are answers to some frequently asked questions about Strickland’s life. How old is Ted [...]
The American International Group’s plan to eventually repay its government-financed bailout is meant to show how far the insurer has come since its near-failure two years ago, the company’s chief executive said on Thursday. A.I.G.’s chief, Robert H. Benmosche (pictured), and its chairman, Steve Miller, said in an interview with DealBook that repaying the firm’s [...]
Democratic incumbent governor Ted Strickland of Ohio is seeking a second term in office against Republican challenger John Kasich, a former congressman. As part of a Politics Daily series providing background about the major candidates in the 2010 midterm elections, here are answers to some frequently asked questions about Strickland’s life. Is Ted Strickland married? [...]
A federal bankruptcy judge approved the sale of The Philadelphia Inquirer and The Philadelphia Daily News to the newspapers’ senior creditors on Thursday for about $139 million, including $105 million in cash. The newspapers’ creditors are essentially paying themselves, The Associated Press notes. All of the approximately 30 banks and hedge funds holding the newspaper [...]
Two years after rescuing AIG from the brink of collapse, the federal government is preparing to give up its majority stake in the insurance giant. AIG’s board met Wednesday with officials from the Treasury Department and Federal Reserve Bank to form a plan to trade the government’s $46 billion in preferred shares for common stock, [...]
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