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Management Education on the Fly (BusinessWeek)

Your Mortgage Planner - Million DollarBill — Tue, 09 Mar 2010 13:08:46 +0000

BusinessWeek – Who got us into this mess? It’s not just greedy mortgage lenders and irresponsible economists who are responsible for the current financial crisis. Leaders, so called, have played a role too, by not managing their companies and so being detached from what was going on in them. And behind much of this has been an educational process that encouraged such detachment. As I’ve argued at length in my book, Managers not MBAs, the MBA is fine education — but in the functions of business, not the exercise of managing. …

Summary Box: AIG’s $15.5B Alico sale to MetLife (AP)

Your Mortgage Planner - Million DollarBill — Mon, 08 Mar 2010 23:11:42 +0000

AP – THE SALE: American International Group Inc. sold its American Life Insurance Co. division, or Alico, to MetLife Inc. for $15.5 billion. The deal is AIG’s second big asset sale in two weeks. On March 1, it said it would sell its AIA Group unit to Prudential PLC for $35.5 billion.

AIG sells Alico unit to MetLife for $15.5 billion (AP)

Your Mortgage Planner - Million DollarBill — Mon, 08 Mar 2010 22:33:30 +0000

AP – American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG’s second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.

MetLife seals Alico deal after two-year quest (Reuters)

Your Mortgage Planner - Million DollarBill — Mon, 08 Mar 2010 21:22:41 +0000

Reuters – MetLife Inc pursued AIG’s foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.

Is Bank of America a Buy? (The Motley Fool)

Your Mortgage Planner - Million DollarBill — Mon, 08 Mar 2010 19:50:54 +0000

The Motley Fool – With the recent auction of Treasury’s Bank of America (NYSE: BAC – News) warrants, the big bank joins Goldman Sachs (NYSE: GS – News), Morgan Stanley (NYSE: MS – News), and several other banks in completing its exit from TARP. But, is it a buy?

US insurer MetLife to buy AIG unit for $15.5 bln (AFP)

Your Mortgage Planner - Million DollarBill — Mon, 08 Mar 2010 13:02:58 +0000

AFP – US life insurance giant MetLife will acquire a unit of American International Group in a 15.5-billion-dollar deal that will help AIG pay back part of its government bailout, the firms said Monday.

AIG set for $15.5 bln deal with MetLife: report (AFP)

Your Mortgage Planner - Million DollarBill — Mon, 08 Mar 2010 09:46:20 +0000

AFP – US insurance giants American International Group and MetLife will on Monday announce a $15.5 billion deal for AIG’s second-largest foreign life-insurance business, The Wall Street Journal reported.

AIG to get $231M if sale of Asian unit crumbles (AP)

Your Mortgage Planner - Million DollarBill — Sat, 06 Mar 2010 17:29:41 +0000

AP – American International Group Inc. will receive a termination fee of $230.6 million if the sale of its Asian life insurance business to Britain’s Prudential PLC falls through.

Consumer borrowing up in January after 11 declines (AP)

Your Mortgage Planner - Million DollarBill — Fri, 05 Mar 2010 22:11:28 +0000

AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.

Consumer credit posts first rise in a year (Reuters)

Your Mortgage Planner - Million DollarBill — Fri, 05 Mar 2010 21:59:09 +0000

Reuters – Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday.