NEW YORK, Nov. 11, 2008 (Reuters) — Some of AIG's largest shareholders are working to convince federal officials to scale back U.S. ownership of the giant insurer as private investors step forward to inject capital, a lawyer representing investors said on Tuesday. ... > full story
WASHINGTON, Nov. 11, 2008 (Reuters) — Six Republican senators have joined a tug-of-war with the Pentagon over bridge funds for Lockheed Martin Corp's top-of-the-line F-22 Raptor fighter until President-elect Barack Obama decides its fate. ... > full story
Nov. 11, 2008 (Reuters) — Fox-Pitt Kelton analyst David Trone forecast a fourth-quarter loss for Goldman Sachs Group Inc and said he expected the bank's principal investment portfolio to experience an unusually large markdown to reflect the dramatic slide in global equity values. ... > full story
SAN FRANCISCO, Nov. 11, 2008 (Reuters) — The shares of major PC and chipmakers traded lower Tuesday as a number of analysts, concerned about the weakening global economy and slack demand, lowered their earnings estimates. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — Exclusive ski and golf community Yellowstone Club, in Montana, has filed for bankruptcy protection, a sign that the financial crisis roiling the real estate and leisure industries is not limited to the low end of the market. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — Former American International Group Inc Chief Executive Maurice "Hank" Greenberg said on Tuesday the U.S. government support for the giant insurer will have to continue until the hobbled company is back on its feet. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — General Motors Corp's extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at JPMorgan. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — TJX Cos Inc reported lower quarterly profit and trimmed its outlook as even bargain hunters at its off-price stores cut back amid a weak economy and global financial meltdown, sending the company's shares down 5 percent. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — Shares of General Growth Properties Inc fell 73 percent on Tuesday after the second-largest U.S. mall owner expressed doubts that it could continue operating due to its looming near-term debt. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — Merrill Lynch & Co Chief Executive John Thain said he did not expect the global economy to recover quickly from the credit crisis and that the environment more closely resembled 1929, the advent of the Great Depression, than recent slowdowns. ... > full story
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Finance companies shares down at 10 a.m. Nov. 11, 2008 (Canadian Business Online) — Shares of some top finance companies are down at 10 a.m.:. . Bank of America fell $.36 or 1.8 percent, to $19.12.. . CIT Group fell $.27 or 6.2 ...
GM bonds signal all may not be lost Nov. 11, 2008 (Globe and Mail, Canada) — Deutsche Bank sent shares of General Motors Corp. into a tailspin Monday with a report saying the car maker's equity could be wiped out no matter ...
Citi offers $20B in mortgage relief Nov. 11, 2008 (Baltimore Business Journal) — Citigroup Inc. said Tuesday it will offer to modify terms on up to $20 billion in mortgages in which borrowers are making their payments but are in ...
Montana Can Be Sued Over Grace Case Mar. 31, 2008 (Conde Nast Portfolio) — A bankruptcy judge has refused to shield the state of Montana from lawsuits over its alleged failure to protect residents from the dangers posed by ...
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