Another breakup wave is hastening the end for some conglomerates. The financial benefits of specialization have long been in style, writes Breakingviews columnist Robert Cyran.
Banks will meet in New York City today to make their case for the right to sell the Treasury’s stake in AIG, three people familiar with the matter said.
Despite all the rhetoric about restricted lending, Chinese banks don’t seem to be listening.
Marathon Oil said it would split off its refinery and pipeline operations into a stand-alone company.
Banks should put their cash to work on acquisitions, analyst Meredith Whitney tells CNBC.