The deal with Prudential will allow American International Group, which was rescued in a $182.5 billion bailout by the U.S. government in September 2008, to pay back some of the money it owes U.S. taxpayers.
Apple announced Tuesday that its App Store has surpassed 3 billion downloads from iPhone and iPod touch users.
Environmental settlements with copper miner Asarco LLC will pay for cleanup at 80 polluted sites in 19 states, mostly in the West, U.S. Justice Department officials said Thursday.
AP - The government paid more than $47 billion in questionable Medicare claims including medical treatment showing little relation to a patient's condition, wasting taxpayer dollars at a rate nearly three times the previous year.
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Read full story for latest details.
Read full story for latest details.
Reuters - Australia and China struck their biggest trade deal ever on Tuesday as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina (601857.SS), agreed a $41 billion liquefied natural gas deal.
A health-care reform bill that includes a public insurance plan and requires employers to cover workers would cost $611 billion over 10 years, far less than previous estimates, according to a new analysis from Congress.
The Pentagon terminated Northrup Grumman's Kinetic Energy Interceptor program amid accusations by Defense Secretary, William Gates, that the system's design would not accomplish key military objectives.