1.
Auto Outlook: Toyota bullish on U.S. comeback
NEW YORK, March 15 (UPI) -- The long-time head of American International Group Inc. has stepped down amid regulatory investigations, the Wall Street Journal said Tuesday.
Maurice Greenberg, 79, agreed late Monday to become a non-executive chairman as various regulatory agencies probed a transaction AIG did with a unit of Warren Buffett's Berkshire Hathaway Inc., a deal those regulators consider possibly misleading to AIG investors.
Greenberg is understood to have been personally engaged in the controversial deal.
The board named Martin Sullivan, 50, who has been vice chairman and co-chief operating officer, as its new chief executive.
|
|
|
| Additional Business News Stories | |
HOUSTON, Feb. 14 (UPI) --
Oilfield services company Weatherford International said a U.S. judge found no evidence its equipment in the Gulf of Mexico contributed to a 2010 oil spill.
|
SINGAPORE, Feb. 14 (UPI) --
Raytheon has restarted a production line to produce new and refurbished laser-guided Maverick missiles for the U.S. Air Force.
|
Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
|
President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
|
| Stories | Photos | People | Comments |
View Caption
