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The total number of bankruptcies filed in the third quarter surged 33% in 2009 and is at the highest level since 2005, according to data released Wednesday.
AIG said Wednesday it agreed to settle long-standing legal disputes with the insurance giant's former chairman, Maurice "Hank" Greenberg.
When the herd of investors heads in one direction, count on Don Yacktman to steer his fund the other way.
After balking at government imposed pay restrictions, American International Group's chief executive Robert Benmosche has officially agreed to a $10.5 million non-compete contract, the company announced Tuesday.
On an overcast English morning, two women from middle England are out shopping. They duck first into the Gucci boutique, fingering discounted handbags and rifling through racks of last season's fashion lineup. Dolce & Gabbana is next, followed by Armani.
More than a year after the financial meltdown of 2008, Congress is moving forward on plans to drastically curtail the power of the Federal Reserve.
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If 2008 was the year the stock market almost died and 2009 was the year that the market miraculously sprung back to life, then what will 2010 be?
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