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Up-date: AIG gets US$37B from Alico sale and AIA float
November 2, 2010
Up-date: AIG gets US$37B from Alico sale and AIA float   AIG (NYSE:AIG), the insurance group rescued out by the US government in Y 2008, has raised almost US$37B by selling its Alico life insurance subsidiary and floating its AIA unit in Asia. Robert Benmosche, Chief Executive, celebrated a “major milestone in our commitment to repay the American taxpayers”. AIG said it would use the proceeds to repay a credit facility held...
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November

2

2010
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Auto dealers win while banks lose in Wall Street bill
June 23, 2010
ChartPoppers
Lawmakers on Tuesday spared auto dealers from new scrutiny and neared agreement on trading limits for banks as they raced to complete the biggest overhaul of the financial rule book since the 1930s. Negotiators signed off on new consumer protections as they resolved some of the most contentious sticking points in the sweeping rewrite of Wall Street rules. “This was a very good day for consumer protection,” said Democrat...
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June

23

2010
2 Comments
Obama wants BP escrow account
June 14, 2010
ChartPoppers
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address the nation about the spill on Tuesday night, faces questions on his handling of the disaster, which was in its 55th day. Millions of gallons of oil have poured into the Gulf since an April 20 offshore rig blast killed...
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June

14

2010
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Investors Pick U.S. Over BRICs in Bloomberg User Poll
June 11, 2010
ChartPoppers
The U.S. has supplanted China and Brazil as the most attractive market for investors as confidence in the global economic recovery wanes in the wake of the Greek debt crisis. Investors are putting their money on President Barack Obama’s stewardship of the U.S. economy even as his job-approval rating has declined, according to a global quarterly poll of investors and analysts who are Bloomberg subscribers. Almost four of 10 respondents...
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June

11

2010
1 Comments
Obama in Asia – building block or bow?
November 20, 2009
ChartPoppers
Barack Obama’s first presidential trip to Asia was also his first big step in recasting U.S. ties with a region in flux, and showed this will demand patience and compromise from a superpower used to pushing its weight around. In a tone-setting speech in Tokyo, Obama cast his nine-day Asia odyssey as a return to full U.S. engagement, but his trip covering Japan, a regional summit in Singapore, China and South Korea also became a...
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November

20

2009
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