With an arrangement to repay its $130 billion taxpayer-financed bailout in place, the American International Group will seek another way to demonstrate its independence: it is planning a debt offering. The insurer disclosed in a regulatory filing on Tuesday that it would issue new bonds for the first time since it was rescued at the [...]
Chris Ratcliffe/Bloomberg News BP agreed on Sunday to sell its majority stake in Pan American Energy to its partner in the joint venture, Bridas, for about $7.1 billion in cash, as the wounded oil giant continues to sell off assets. With the sale of Pan American, one of the biggest oil producers in Argentina, BP [...]
Sometimes you find clarity in the strangest places. I found a little Friday morning in a municipal courthouse. I was called for jury duty. I live in a conservative part of a conservative county in a purple state. There were about 50 of us– summoned to create a jury pool from which only six jurors [...]
Anglo American, the mining company based in Britain, plans to sell two units, Moly-Cop and AltaSteel, to the Australian steel maker OneSteel for $932 million. Anglo American is in the middle of a series of divestments, announced last year, to reduce debt after it bought the Brazilian mining company Minas-Rio in 2008 for about $5.5 [...]
Has there ever been a passel of politicians as sure of the will of “the American people” as our current crop? In the days since the midterm election, that phrase has been invoked by Obama, Pelosi, Mack, DeMint, and so on and so on. But the recent champion is surely John Boehner, the putative next [...]
While the American International Group continues its effort to remove the federal government’s massive ownership stake in itself — incurring a $2.4 billion loss for its third quarter in the process — there’s another consideration hanging over the insurer: the health of its chief executive. But in an interview on Friday, the executive, Robert H. [...]
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