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Janitor Turned Owner Rescues Failing Ohio Factory

Tony Lee always dreamed of owning his own business and sending his kids to college. Today, he’s co-owner of Ring Masters, a company that makes engine rings for industrial use, and his daughter is heading to college next fall. Tony is hoping she’ll be the first college graduate in the […]

AIG selling $6 billion of AIA shares, to repay bail-out

 American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out. AIG is looking to place some 1.7 billion AIA shares in a range of HK$27.15-27.50 per share – a discount of […]

Stock futures decline on global economy concerns

Stock index futures fell on Monday after data showed Europe’s private sector activity declined last month and China cut its growth target, reigniting concerns about the strength of the global economy. European and Asian stocks dropped, with shares in euro zone peripheral countries such as Italy and Spain among the […]