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Ex-AIG CEO, others to pay $115 million to settle lawsuit: source
NEW YORK (Reuters) - Former AIG chief executive, Maurice "Hank" Greenberg, and five other defendants, have agreed to pay $115 million to settle a shareholder lawsuit, according to a person familiar with the matter.
Activities:2008 AIG Crisis Source:(Reuters)
2009-08-13
CIT Group sweetens debt buyback offer
NEW YORK - Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders don't agree to it.
People:Warren Buffett Source:(AP)
2009-07-24
Warren Buffett says second stimulus might be needed
WASHINGTON (Reuters) - Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.
People:Barack Obama Warren Buffett Activities:Obama Stimulus Package Source:(Reuters)
2009-07-09
Buffett's Berkshire has first loss since 2001
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc posted its first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy.
Nations:U.S. People:Warren Buffett
2009-05-08
Buffett dispenses gloom at Berkshire fest
OMAHA, Nebraska (Reuters) - Warren Buffett told a record crowd at a somber annual meeting of his Berkshire Hathaway Inc that first-quarter operating profit fell and the company's book value declined 6 percent, as the recession hurt many of the company's businesses and investments.
Nations:Australia U.S. People:Warren Buffett Activities:Global Financial Crisis Source:(Reuters)
2009-05-03
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