Word: aig
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...open next season in Dallas and at the Meadowlands in New Jersey, where the New York Giants and Jets play. Will companies pay the same sweet premium they would have, say, a year ago for the right to attach their name to one of these new venues? Very doubtful. AIG, the embattled insurance giant, has sponsored the U.S. Davis Cup team since 1999, an agreement that ends this year: if the company hadn't floundered, odds are it would have renewed the deal. Now the United States Tennis Association has to fish for a new sponsor in a very soft...
...Lehigh QB J.B. Clarke showing some good mobility, scrambling before getting a 22-yd pass off to Sekou Yansane, today's winner of the Harvard Crimson's Coolest Name of the Day, brought to you by AIG...
...financial crisis continues to soar. The U.S. Federal Reserve has already sunk more than $800 billion into the financial system; the Treasury Department is committed to the $700 billion bailout package in addition to the $200 billion being spent to prop up Freddie Mac and Fannie Mae; rescuing AIG may cost more than $120 billion. With the already lofty U.S. budget deficit now expected to top $1 trillion next year and recession a virtual certainty, you'd expect America's currency to be taking a beating...
...between secrecy and disclosure is a tricky business, as Senate Majority Leader Harry Reid discovered on Oct. 1. After the Democrat from Nevada emerged from a luncheon on Capitol Hill, he spoke briefly to reporters about the financial crisis, mentioning that another insurance company was in danger of following AIG into failure. "One of the individuals in the caucus today talked about a major insurance company - a major insurance company, one with a name that everyone knows - that's on the verge of going bankrupt," Reid said. The senator stopped short of identifying the company, which might have been smart...
...AIG • bailout money is spent on a week at a California luxury beach resort by executives...