Treasury Secretary Timothy Geithner foresees a lengthy involvement with American International Group and is not ruling out more aid to the insurance conglomerate.
Testifying before the Senate Banking committee, Geithner said Wednesday that untangling AIG's finances has proven to be more difficult than originally envisioned.
The government holds about 80 percent of AIG's assets …
DAMASCUS, Syria John McCarthy, a Briton held hostage in Lebanonfor more than five years, was freed this morning, and securitysources in Beirut said American Terry Anderson may be releasedshortly.
UN Secretary-General Javier Perez de Cuellar said he was hopefula second hostage would be freed today and it would be an American.He said he based his hopes on his own sources and did not elaborate.
White House spokesman Marlin Fitzwater said President Bush hadreceived no direct word that a U.S. captive would be freed. However,a U.S. medical team was on alert in Wiesbaden, Germany, in the eventan American is released.
The Muslim fundamentalist group Islamic …
NEW YORK (AP) — Stocks are closing the day higher, after the U.S. government reported an unexpected surge in hiring.
The Labor Department said Friday that private employers added 268,000 jobs last month, the most in five years.
The unemployment rate rose, however, to 9.0 percent in part because more people resumed looking for work.
The news on job growth helped lift the …
Malaysia Airlines said Monday it turned around in the fourth quarter, helping it stay in the black for 2009 despite the global economic slump.
The carrier recorded a net profit of 610 million ringgit ($179.4 million) in the three months through December _ rebounding from a loss in the previous quarter _ thanks to an increase in traffic and reduction in operating costs.
Revenue for the fourth quarter, however, declined 14 percent to 3.3 billion ringgit ($970 million) as airlines cut ticket prices amid the slump.
For the full year, the state-owned carrier reported a net profit of 490 million ringgit ($144.1 million), a better performance compared …
LONDON The outlawed Irish Republican Army firebombed the NationalGallery on Sunday, a departure from its usual tactic of attackingbusinesses. No one was hurt.
The group pledged to disrupt daily life in Britain until Britishtroops are withdrawn from Northern Ireland.
The fire broke out at 3:50 a.m. in the bookshop of a new wingof the museum on Trafalgar Square.
A spokesman at Scotland Yard said damage was slight andautomatic sprinklers doused the fire. The bookshop remained closed,but the rest of the museum opened as scheduled.
In a …
Transforming our Army is a challenging task. Doing it while at war is even more challenging. Although our primary focus remains fighting and winning the global war on terrorism, the G-1 has continued its Transformation over the last 12 months. The human resource (HR) community's goal remains unchanged: to have its personnel and finance systems in place and operational before the future force arrives.
Our nonnegotiable imperatives are: supporting the global war on terrorism, Army Transformation, keeping our warfighting units fully manned and ensuring the well-being of our soldiers, families, civilians and retirees.
The Army Vision Statement begins and ends talking about our …
There can be no quiet goodbye for a slain Hells Angel leader.
The funeral of Mark "Papa" Guardado, the 46-year-old president of the San Francisco chapter shot down after a barroom brawl, brought about 2,000 Hells Angels to Duggan's Serra Mortuary in Daly City, most driving the biggest, baddest, loudest Harleys ever.
They came Monday from chapters all over the country, not to mention Stuttgart, Germany, Alberta, Canada, and Melbourne, Australia.
An overflow crowd of hundreds of members sat or stood in the funeral home parking lot for two hours, creating a spectacle that …
