AP – American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG’s second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
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AP – THE SALE: American International Group Inc. sold its American Life Insurance Co. division, or Alico, to MetLife Inc. for $15.5 billion. The deal is AIG’s second big asset sale in two weeks. On March 1, it said it would sell its AIA Group unit to Prudential PLC for $35.5 billion. Read More Summary [...]
BusinessWeek – Who got us into this mess? It’s not just greedy mortgage lenders and irresponsible economists who are responsible for the current financial crisis. Leaders, so called, have played a role too, by not managing their companies and so being detached from what was going on in them. And behind much of this has [...]
AP – Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Read More Commercial delinquency lower than other mortgages
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The Motley Fool – The first Friday of every month brings the all-important employment report. February’s numbers were better than anticipated. The United States lost only 36,000 jobs, versus the 68,000 that experts expected. This compares with 651,000 jobs lost in February 2009. Still, the unemployment rate held steady at 9.7%, with the unofficial rate [...]
The evaporation of the extraordinary strong housing market, which played the role of the darling benefactor to thousands of people for so long, means in a nutshell, that the party is now over.
What it also means, is that many have enjoyed things that came to them too easily and early in their lives, and who [...]
Rates of obesity and ill-health due to poor diets are rising, both in the UK and in the US. I don’t agree with diets. After all, now many of them really work? No, I mean really work. Diets are a restricted eating regime that is not about real life.
The only way [...]
Many people only know the joys of herbs through buying them at the grocery store. But, there are enough of us out there who enjoy the propagating, the growing the picking, and finally, using the fresh herbs in food.
I know one of my friends only uses herbs that she picks just before cooking or eating. [...]