Video: AIG CEO Signs Non-Compete Contract

The CEO of AIG has reportedly signed a non-compete contract, which could be a sign that he plans to stay put at the struggling insurer. The Wall Street Journal reported today that AIG chairman Harvey Golub told the newspaper that CEO Robert Benmosche is committed to leading the company until the job is done.

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Video: Fewer Americans Losing Their Homes

Fewer people are losing their homes according to the results of a new survey released by RealtyTrak. Over 332,000 households, or roughly one in 385, received a foreclosure notice in October, down 3 percent from September.

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Video: 10/20 FDIC: U.S. Bank Failures Edge Closer to 100

10/20/09 The number of U.S. bank failures reached 99, with California-based San Joaquin Bank closed by regulators. The FDIC's insurance fund continues to dwindle.

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Video - Bernanke: I Did Not Bully BofA to Buy Merrill

Federal Reserve Chairman Ben Bernanke has told Congress that he didn't pressure Bank of America into acquiring Merrill Lynch in a deal that ultimately cost taxpayers $20 billion.

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Video - Geithner: AIG untanglement more difficult

Treasury Secretary Timothy Geithner foresees a lengthy involvement with American International Group and is not ruling out more aid to the insurance conglomerate.

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Video: 05/19 Housing Starts at Record Low

05/19/09 Housing starts and buliding permits fall breaking optimism that the housing market may be stabilizing.

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Video - Geithner: Financial system failed consumers

Treasury Secretary Timothy Geithner says the U.S. Financial system failed to protect consumers and investors and suggested that the regulatory system will need changes to prevent another crisis in the future.

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Video: Consumer prices flat, industrial production dips

Consumer prices were flat in April, while industrial production fell by the smallest amount in six months -- further evidence that the recession's grip is slowly easing.

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Video: Pfizer to issue free drugs to unemployed

Pfizer will provide 70 of its most widely prescribed prescription drugs -- including Lipitor and Viagra -- for free to people who have lost their jobs and health insurance.

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Video: Chrysler moves to eliminate 789 of 3,200 dealers

Chrysler wants to eliminate 789 of its U.S. 3,200 dealerships, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

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Video: Stress tests find 10 big banks need $75B more

Ten of the nation's largest financial firms need to raise $75 billion more capital to withstand losses that would come with a deeper recession, the gov't. said in a report card that found the banking system viable but still vulnerable.

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Video: Bank stress tests due out

The government is set to release the results of tests meant to find out what happens to 19 large financial firms if conditions were to worsen. AP Business Editor Mark Hamrick reports.

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Video: 05/04 Forceful Action Needed To Contain the Economic Crisis

05/04/09 Jose Vinals of the I.M.F explains the need for even more forceful government intervention in the face of the global economic crisis.

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Video: Banks in stress

Banks are facing close scrutiny and uncertain outlooks despite earnings that are better than expected.

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Video: Geithner seeks new powers over financial co's.

Treasury Secretary Timothy Geithner asked Congress on Tuesday for broad new powers to regulate nonbank financial companies whose collapse could jeopardize the economy. AP's Jerry Bodlander reports.

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Video: New jobless claims unexpectedly drop to 639K

The latest number from the Labor Department held a hint of promise for the economy, but still reflects significant unemployment - the worst in more than 25 years.

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Video: Nissan Hopes To Grow With Less Auto Shows

02/27/09 In an attempt to cut costs and weather the current global economic recession, the Nissan Motor Company announced today that they will only agree to paricipate in four auto shows ths year.

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Video - Your Money: Mortgage Relief

President Barack Obama's stimulus package will have many benefits built in to ease the financial burden on troubled homeowners. AP Personal Finance Editor Trevor Delaney explains. E-mail your questions to yourmoney@ap.org

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Video: Consumer confidence plummets to new low

Confidence in the economy sank to new lows in February as consumers grow more fearful over massive job cuts and shrinking retirement accounts.

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Video: NYSE May Consider Relaxing $1 Stock Price Rule

02/24/09 The New York Stock Exchange announced that due to major company stocks trading at penny prices, it is considering temporarily relaxing its $1 share price rule.

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