AIG and U.S. Set Faster, Riskier Exit Path When Americans go to the polls for mid-term elections in November, the state of the financial system and the economy will be a big issue. The Troubled Asset Relief Program, set up amid the 2008 financial crisis to shore up the industry, expires on Sunday. Benmosche said […]
The Chinese economy may be roaring back to life, but concern is growing that record lending rates are feeding a speculation bubble. While the U.S.
It’s been a grim recession for computer companies. First quarter PC shipments were down 8.1% from year ago levels and down 14% from the prior quarter. But that’s what happens in recessions.
A few weeks ago, Jon Rubinstein was booking up the side of Mount Tamalpais in Northern California while I wheezed like a steam engine in his wake. This was irritating on two levels: 1> I do this hike all the time, and 2> he had already gone for a long run earlier in the day. The executive chairman of Palm Inc., Rubinstein, a wiry 52, is a marathoner.
The spin game is on as the world tries to talk itself out of the worst recession since the end of World War II. The good news is that there is a slowing in the rate of deterioration in the global economy. The tougher news is that this is hardly surprising.
Citigroup chief financial officer Ned Kelly was trying to explain an aspect of the bank’s better-than-expected first-quarter results on Friday morning when star analyst Meredith Whitney interrupted him. “Could you dumb that down for me?” she asked. It was the question of the week.