The recession left behind a graveyard of corporate carcasses, from Circuit City to Linens n' Things to Lehman Brothers. Thousands of smaller businesses closed. AIG, Fannie Mae and Freddie Mac are staggering along as wards of the state.
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A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims. More - Fannie earns $17.2B in 2012, biggest annual gain
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. More - Ex-CEO Greenberg: Don't blame me for AIG failure
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A lawsuit claims that the rescue by the government deprived A.I.G.'s shareholders of tens of billions of dollars and took private property for public use without appropriate compensation. More
BING NEWS:
- Why are companies hiring fewer temps?
Temp work was a cornerstone of the economy a few short years ago, but with fewer open spots in the job market, the work is in jeopardy.
11/1/2024 - 10:35 am | View Link - Dominion Energy is discussing small nuclear reactors with other tech companies after Amazon agreement
Tech companies are investing in nuclear power as they hunt for carbon-free, reliable electricity to support artificial intelligence data centers ...
11/1/2024 - 8:02 am | View Link - Australian Companies Shift Tech Spend Focus from Innovation to Growth
Australian companies are tightening tech spending, prioritizing growth over innovation. Discover insights from a 2024 Datacom report.
11/1/2024 - 8:00 am | View Link - Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
The U.S. Air Force began deploying the Global Positioning System (GPS) nearly 50 years ago, critical infrastructure to both the military and economy.
11/1/2024 - 7:05 am | View Link - China eases rules for foreign investment in listed companies
China issued revised regulations on Friday for foreign investors in its listed companies, expanding eligibility criteria and easing financial requirements in a bid to attract more foreign investment.
11/1/2024 - 1:35 am | View Link - More
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