AIG reports $8.9 bln quarterly net loss (MarketWatch)
AIG Chief Executive Robert Benmoshe said the insurer is making "significant strides" toward selling two big businesses, American International Assurance Company, Ltd. and American Life Insurance Company.
Blonde captures attention at TZ Ltd bail-out (SMH)
"The room was sealed from prying eyes and shareholders were safely ensconced in front of the chairman when the leggy blonde sashayed up the hallway. Shari-Lea Hitchcock, the mistress of the late billionaire Dick Pratt, arrived fashionably late in black miniskirt and high heels to the bail-out meeting of the tech tiddler TZ Ltd, upstaging even the celebrity chairman and reality TV star of The Apprentice, Mark Bouris."
On Wall Street, Romancing The (Curling) Stone (Dealbook)
Raj Atri, a research analyst at Bank of America, said the game's plodding pace was a plus. Curling is so leisurely that he can easily multitask, with one eye on his Bloomberg terminal and another a game.
Merrill Lynch Guaranteed Ford Annual Pay of at Least $2 Million (NYT)
His guaranteed pay was twice that of the Merrill Lynch chief executive who hired him, E. Stanley O'Neal.