AIG, which wants to spin off its Taiwan-based Nan Shan Life Insurance unit, has a few live ones nibbling on the line to snap it up, according to a Bloomberg report. The company has disclosed in an SEC filing that Nan Shan has a…
This little-known biopharmaceutical outfit has signed not just one but seven partnership pacts with Big Pharmas to help develop some of its products. Micromet’s No. 1 appeal: It’s developing novel antibody-based drugs to treat …
More people are selling their life insurance policies for much-needed cash while they’re still alive. But are these “life settlements” a bad deal? Here’s why they can come with a high cost, both for investors and for sellers –…
Markets in Asia were mixed Wednesday. In Hong Kong the Hang Seng Index inched up 0.2% to 23,045 and in China the Shanghai Composite Index slid 0.9% to 2,878. Japan’s Nikkei 225 Index lost 0.2% to end the day at 10,346.
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The federal governments bailout program has earned the taxpayer nearly $35 billion in the last two years, The Associated Press said.
Income from the Troubled Asset Relief Program (TARP) rose by almost 17% through November compared with the estimate i…