AIG replaces CEO Sullivan amid subprime woes

June 15, 2008 on 11:20 pm | In Business News | No Comments

NEW YORK (Reuters) - The world’s biggest insurer, American International Group Inc, replaced CEO Martin Sullivan on Sunday after it suffered two quarters of record losses from risky mortgage bets and its share price more than halved …

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AIG replaces CEO Sullivan amid subprime woes

Saudi Arabia to push oil output

June 15, 2008 on 10:39 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil fell more than half a percent to near $134 a barrel on Monday as Saudi Arabia prepared to push production to its highest rate in decades, moving to soothe …

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Saudi Arabia to push oil output

Lower oil, stronger dollar boost Asian stocks

June 15, 2008 on 10:26 pm | In Business News | No Comments

HONG KONG (Reuters) - Asia stocks rose slightly on Monday as the rebounding U.S. dollar boosted confidence in the region’s exporters, but government bonds fell on expectations that central banks will raise interest rates to fight inflation.

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Lower oil, stronger dollar boost Asian stocks

Oil edges lower

June 15, 2008 on 7:45 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil prices eased further below $135 a barrel on Monday as Saudi Arabia prepared to push production to its highest rate in decades to help keep pace with demand and tame what it sees as unacceptably high prices.

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Oil edges lower

AIG CEO resigns amid subprime woes

June 15, 2008 on 7:12 pm | In Business News | No Comments

NEW YORK (Reuters) - Martin Sullivan, chief executive officer of insurer American International Group , has stepped down after three years on the job, according to a person familiar with the matter.

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AIG CEO resigns amid subprime woes

Yvette Cooper pleads for pay restraint - FT

June 15, 2008 on 6:49 pm | In Business News | No Comments

LONDON (Reuters) - Workers risk sparking a 1970s-style wage inflation spiral if they push for “irresponsible” pay rises to offset higher food and fuel bills, a government minister said in an interview published on Monday.

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Yvette Cooper pleads for pay restraint - FT

AIG CEO Martin Sullivan resigns amid subprime woes

June 15, 2008 on 6:46 pm | In Business News | No Comments

NEW YORK (Reuters) - Martin Sullivan, chief executive officer of insurer American International Group , has stepped down after three years on the job, according to a person familiar with the matter.

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AIG CEO Martin Sullivan resigns amid subprime woes

AIG CEO Sullivan steps down

June 15, 2008 on 4:35 pm | In Business News | No Comments

NEW YORK (Reuters) - Martin Sullivan, chief executive officer of American International Group, has stepped down, The Wall Street Journal reported on Sunday.

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AIG CEO Sullivan steps down

Darling to probe short-selling

June 15, 2008 on 4:29 pm | In Business News | No Comments

LONDON (Reuters) - Chancellor Alistair Darling will set up a new group comprising City of London bankers to examine short-selling of shares in companies undertaking rights issues.

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Darling to probe short-selling

Biogen favoured to win against Icahn in proxy fight

June 15, 2008 on 3:07 pm | In Business News | No Comments

BOSTON (Reuters) - Shareholders of Biogen Idec Inc will meet shortly to decide whether one of the world’s biggest and oldest biotechnology companies should remain independent or be put up for sale by billionaire investor Carl Icahn.

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Biogen favoured to win against Icahn in proxy fight

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