The U.S. Treasury and Federal Reserve released details Monday on a restructuring plan for AIG, which reported a record fourth-quarter loss of $61.7 billion.
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Archive for March 2nd, 2009
AIG Gets $30 Billion More Aid from U.S. Government (TheStreet.com)
Monday, March 2nd, 2009Chipmaker Spansion Files for Bankruptcy (TheStreet.com)
Monday, March 2nd, 2009Spansion filed for bankruptcy potection as it continues to explore a possible sale or other alternatives.
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HSBC Trims U.S. Lending As Net Plunges (TheStreet.com)
Monday, March 2nd, 2009The bank plans to close some of its lending operations in the U.S. and cut 6,100 jobs after announcing a 70% drop in 2008 earnings.
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HSBC Closing U.S. Operations As Net Plunges (TheStreet.com)
Monday, March 2nd, 2009The bank plans to close some of its operations in the U.S. and cut 6,100 jobs after announcing a 70% drop in 2008 earnings.
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Toyota Sees 12% Cut in Output: Report (TheStreet.com)
Monday, March 2nd, 2009The Japanese automaker expects its worldwide production to drop about 12% in the next fiscal year to its lowest level in seven years, a report says.
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