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AIG in 'Crisis' Says Former CEO
By HUGH SON
The former chief executive officer of American International Group Inc., Maurice "Hank" Greenberg, said the insurer is in "crisis" and should delay its annual meeting so shareholders can consider the impact of two losing quarters.
Investors need more...
Treasury Reports Smaller Surplus Than Last Year
By MARTIN CRUTSINGER
WASHINGTON — The federal government ran a budget surplus of $159.3 billion in April, smaller than a year ago.
The Treasury Department reported yesterday that the budget surplus for April was 10.4% lower than in April 2007.
The government...
Gates Foundation Names New CEO, Plucked From Microsoft Ranks
By Associated Press
SEATTLE — The Bill & Melinda Gates Foundation said yesterday that Microsoft Corp. executive Jeff Raikes will take over in September as chief executive of the world's largest charitable foundation.
The foundation has been looking for a new leader...
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NEW! Breaking Business News From 24/7 Wall Street
 Sovereign Wealth Funds Facing Entanglements
By LIZ PEEK
Attention, sovereign wealth funds: You're doing it all wrong. That's the view of Don Putnam, who has played matchmaker for financial services companies for decades.
Three years ago, Mr. Putnam founded Grail Partners, a boutique merchant bank...
Apple's iPhone Sold Out at Online Stores, New Model May Be Introduced
By Bloomberg News
Apple Inc.'s iPhone is sold out at its online stores in America and Britain, a sign that a new model with faster Internet access may be introduced soon.
"We're currently out of stock," an Apple spokeswoman, Natalie Kerris, said yesterday in an...
Hewlett-Packard in Talks To Buy Electronic Data Systems
By CONNIE GUGLIELMO
Hewlett-Packard Co., the biggest personal-computer maker, is in talks to buy Electronic Data Systems Corp., a deal that would be the largest acquisition for the chief executive officer, Mark Hurd, since taking over three years ago.
Hewlett-Packard...
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