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...Chinese mineral firm Chinalco has bought into metals giant Rio Tinto (RTP) which raised concerns with the U.S. and Australian governments about whether they want a foreign nation to have such a large stake in a company which supplies commodities to major corporations all over the world. (See pictures of China's rebuilding efforts...
...Congress and legislatures in the U.K., Europe, and Japan are faced with whether or not to let key companies in important industries pass into Chines hands. Last year, the Congress effectively blocked a deal for Chinese electronics firm Huawei Technologies to buy 3Com. The reasoning was the U.S. did not want critical telecom equipment intellectual property to be easily accessible to China. (See pictures of the global financial crisis...
...Liddy, the former head of Allstate who joined AIG (AIG) as chairman and chief executive officer in September quit today. He said he would stay on until the company found a replacement, or replacements, but his enthusiasm for an ongoing obligation to the insurance firm and the government bailout of AIG had vanished...
...Liddy had committed one unpardonable sin, or at least that was the story that several members of Congress wanted to believe. He had agreed to previously planned bonuses for AIG employees who worked in the part of the company that had created many of the insurance firm's losses. Liddy was clear in making the point that AIG had a legal obligation to make the payments. He would have been better off to hold his tongue. The minute he gave an explanation for his actions, no matter how rational it was, his interrogators seized on it as another...
...Since the devastating attacks on Sept. 11, the city has built up formidable intelligence resources that are designed to anticipate, detect and eliminate terrorism threats. "No city is better prepared for this kind of attack than New York," says Fred Burton, a counterterrorism expert at Stratfor, a global-intelligence firm. "These guys picked the wrong town to mess with...