At AIG’s annual meeting, one upset shareholder pointed out how much PwC, the insurer’s independent auditor, had been paid over the past two years.
AIG paid PwC a total of $131 million in audit and other fees in 2008 and $119.5 million in 2007.
“I want to know what these fees were paid for,” shareholder Kenneth Steiner of […]
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A potential deal between Paramount and rivals Sony and Fox to merge DVD operations would save costs for the studios amid a slump in sales. Hollywood studios are cutting expenses to cope with stagnant video sales and new technology that is steering people online. A portfolio manager called the potential move a “monumentally sensible thing […]
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General Motors is back in bankruptcy court on Wednesday, seeking approval to sell its choice assets to a “New GM” in a plan to reinvigorate the automaker under U.S. government ownership.
Reuters reporters Emily Chasan and Phil Wahba will be filing updates from the hearing in the live headline box below and on the DealZone Twitter […]
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Japan’s Shinsei Bank (8303.T) and Aozora Bank (8304.T) say they plan to merge at a ratio of one to one — creating a bank with combined assets of $186 billion. Morgan Stanley (MS.N) and Japan’s Mitsubishi UFJ Financial Group (8306.T) have agreed to pool their lending resources. And China approves its first major IPO in almost […]
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Treasury Secretary Tim Geithner will announce long-awaited details on the PPIP plan Wednesday or Thursday this week, according to CNBC.PPIP, the Public-Private Investment Program, is
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There are thousands of stocks and practically an infinite number of inputs that can potentially move the market. But John Roque, managing director of WJB Capital Group, believes there are just six bellwethers that can tell you pretty much all you need to
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From The Business Insider, June 30, 2009: Every politician (except Michael Dukakis) has campaigned on some
version of “no new taxes” and most ended up breaking that promise.
It’s how we do things in America, and as voters we’ve come to accept
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