Leading American Insurer AIG close to bankruptcy

Leading American Insurance company  American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its...

Barclays 'to get cash infusion from major Japanese bank'

The UK banking sector certainly appears to have been stuck with a lot of sub-prime debt problems."Barclays Plc may be close to securing a 100bn yen (€594m) capital injection from Japan’s Sumitomo Mitsui Banking Corp. as part of the bank’s efforts to weather the impact...

Can Money and Celebrity Test the Influence of Oil Companies?

"Oil tax fight becomes costliest Calif. initiative campaign as producer, oil companies ante up. In any other year, a $60 million opposition campaign fueled by a deep-pockets industry would almost certainly spell doom for a California ballot initiative. But the infusion of $40...

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