It was supposed to be a momentous occasion for Brian, who was about to close on his first home. But after signing a thick stack of documents–and taking part in the ceremonious passing of the keys–something felt off for the then 26-year-old Montgomery County, Md., resident. There wasn’t even a chilled bottle of bubbly or […]
Category Archives: Insurance
AIG cuts salaries
AIG cuts salaries to 3 top executives Insurer AIG cuts salaries to 3 top execs to comply with government rules on bailed-out firms SAN FRANCISCO (AP) — Insurer American International Group Inc. said it has cut the salaries of three top executives to comply with pay restrictions for companies that took federal bailout money, according […]
10 Biggest Bankruptcies In U.S. History
Lehman Brothers Assets upon filing: $691 billion Date of filing: Sept. 15, 2008 Description: Investment bank What happened next: Within days of its filing, Lehman’s North American business was taken over by UK bank Barclays; Japan’s Nomura Holdings snagged its international operations. Washington Mutual Assets upon filing: $328 billion Date of filing: Sept. 26, 2008 […]
Most and Least Expensive Cars to Insure
In the market for a new car, but not sure which model to buy? Here’s something that might help: Insure.com has named the most and least expensive 2010 vehicles to insure. While the most expensive is the Porsche 911 Carrera GT2 with an average national premium of $2,944. The least is the Mazda Tribute i […]
Boost Your Social Security Benefits
These strategies will help you make the most of your benefits. There is no perfect time to apply for Social Security. You can claim early and take a smaller monthly payment for a longer period of time. Or you can claim later, collecting a larger benefit that is based on a shorter life expectancy. Your […]
Cash For Keys
Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house. With the exchange, and a pay-off to a second-lien holder, Culver was freed of $120,000 in crushing mortgage debt on the house, said Daurio, who had bought the […]
The World’s Most Powerful People
The 67 heads of state, criminals, financiers and philanthropists who really run the world. “I love power. But it is as an artist that I love it. I love it as a musician loves his violin, to draw out its sounds and chords and harmonies.” — Napoleon Bonaparte Power has been called many things. The […]
AIG resolves all legal disputes
AIG resolves all legal disputes with Greenberg AIG settles legal disputes with former chairman Hank Greenberg NEW YORK (AP) — American International Group Inc. has agreed to settle all legal disputes with its former chairman Maurice “Hank” Greenberg, the company said late Wednesday. The insurance company, which was bailed out by the government and is […]