American International Group announced a $61.7 billion loss in the fourth quarter, the biggest quarterly loss in history. The U.S. government will give AIG a $30 billion rescue package, but Dan Grech reports this bailout will be different.
Although TARP assets focus on helping troubled banks, the funds were also originally intended to include the insurance industry. Bill Radke talks to Frank Keating of the American Council of Life Insurers about what happened to that end of the bailout.
An environmental group in Washington, D.C. is centering a rally around Capitol Hill's coal-fired source of electricity. Some Democrats want the plant to switch from coal to natural gas to cut carbon emissions. Ronni Radbill reports.
European bank HSBC is cutting back on its consumer lending in the U.S. after reporting a large fall in profits due to U.S. subprime mortgages. More than 6,000 jobs could be lost in the move. Stephen Beard reports.
With energy prices guaranteed to rise in the long term, more people are looking into making their homes more energy efficiency. Rob Manning visited a house in Portland, Ore. invested in becoming more ecologically sound.
E.U. leaders met over the weekend to attempt a unified approach to the financial crisis, but ended up resurfacing the line between East and West Europe. Bill Radke discusses tensions along the split with Stephen Beard.
A group of leading economists start a three-day conference today near Washington, D.C. While some see a glimmer of hope in an economic rebound late in the year, most say it's going to get worse first. Bob Moon reports.
America's technology boom is propelled in no small part by foreign-born workers. But a new study finds that some high-tech minds are heading back home to take advantage of better opportunities. Janet Babin reports.
The Pentagon has a pending order for 180 of Lockheed Martin's F-22 Raptor, a technologically-advanced military fighter aircraft. Steve Chiotakis talks to Mark Bowden from The Atlantic Monthly about whether we need to buy F-22's in this economy.
Apple
Spotify
Amazon
RSS