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A.I.G. Plans First Bond Sale Since Crisis

freshcontentengine.com — Tue, 30 Nov 2010 11:34:40 +0000

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 [...]

BP to Sell Pan American Stake to Bridas for $7.1 Billion

freshcontentengine.com — Sun, 28 Nov 2010 10:31:46 +0000

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 [...]

Jury Duty Dole (and What It Tells Us About American Politics)

freshcontentengine.com — Sun, 21 Nov 2010 14:17:57 +0000

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 [...]

OneSteel Buys 2 Anglo American Units

freshcontentengine.com — Mon, 15 Nov 2010 19:16:53 +0000

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 [...]

‘The American People’ Are More Complicated Than One Midterm Election

freshcontentengine.com — Mon, 08 Nov 2010 18:50:40 +0000

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 [...]

Benmosche: ‘I’m Feeling Very Good’

freshcontentengine.com — Sun, 07 Nov 2010 13:31:35 +0000

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. [...]

Obama Meets with American Team Involved in Chilean Mine Rescue

freshcontentengine.com — Fri, 29 Oct 2010 13:09:22 +0000

A team of engineers and scientists who helped orchestrate the rescue of the 33 trapped Chilean miners this month were all smiles after their meeting with President Obama on Thursday afternoon. “We’re very happy to be here,” said James Stepanic of the Layne Christensen Group — the company responsible for drilling the hole that eventually [...]

A.I.G. Sets Possible C.E.O. Backup Plan

freshcontentengine.com — Thu, 28 Oct 2010 13:22:01 +0000

The American International Group said on Wednesday that its chairman, Robert S. Miller, would step in as interim chief executive if the firm’s current chief, Robert H. Benmosche, is unable or unwilling to stay in that role. The decision, made at a board meeting on Wednesday, follows the insurer’s disclosure on Monday that Mr. Benmosche [...]

‘American Idol’ Owner CKX Ends Buyout Talks

freshcontentengine.com — Thu, 28 Oct 2010 12:22:01 +0000

“American Idol” is not heading into the hands of private equity after all. The owner of the hit entertainment TV show, CKX, said Wednesday that it had broken off talks to sell itself after not finding a satisfactory deal. The announcement comes seven months after CKX confirmed reports that it was entertaining buyout offers. Since [...]

Is 2010 the Year American Voters Turn Polls on Their Heads?

freshcontentengine.com — Sun, 10 Oct 2010 05:07:47 +0000

As connoisseurs of presidential primaries know well, New Hampshire voters are notoriously contrarian – mischievously rewriting the media’s story line by voting for Hillary Clinton (2008), John McCain (in a 2000 landslide), Pat Buchanan (1996) and Gary Hart (1984). Cosseted by the candidates and pampered by the pundits, these first-in-the-nation primary voters rebel against being [...]