Finance counsels

After selling off its second "crown jewel" insurance business in a week, AIG has made a sizeable dent in its plan to repay its debt to taxpayers.
But the troubled insurer is still just halfway home and it’s not clear exactly how AIG will pay off the remainder.
On Monday, the insurer announced that it […]

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The fifth annual study of metro Denver’s ranking in seven industry clusters, released Thursday by the Metro Denver Economic Development Corp., concludes that the region offers a diversified economy and the nation’s second-most highly educated workforce.
The report, available here, was completed by the Patty Silverstein of Development Research Partners. It looks at seven major industries […]

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WASHINGTON — Regulators on Friday shut down seven banks in six states, including Independent Bankers’ Bank, based in Springfield, Ill., and two large banks in California.
Regulators so far this year have shut down 140 banks.
The Federal Deposit Insurance Corp. on Friday took over the seven newly shuttered banks.
Independent Bankers’ Bank […]

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AOL Inc. Chief Executive Tim Armstrong is on a mission to show that the company isn’t some dot-com has-been selling Web access and e-mail. It’s a digital-media company with 80 websites churning out everything from personal finance advice to bedroom tips.
The 100 million unique viewers AOL attracts each month are enough to […]

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Spain’s industrial production fell the least in more than a year in October as government stimulus measures bolstered demand for cars even as unemployment continued to climb.
Output at factories, refineries and mines fell 9.2 percent from a year earlier, adjusted for the number of working days, the least since September of last year, […]

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Oil prices rose more than $2 to settle at $78.90 a barrel on Monday, regaining most of last week’s losses as the dollar drifted lower.
The U.S. dollar fell slightly on Monday against a basket of currencies, as it heads into a week likely to see increased debate over currencies during President Obama’s visit to […]

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The Federal Reserve Bank of Minneapolis named Narayana Kocherlakota, an economics professor at the University of Minnesota with expertise in finance and banking, to replace former chief Gary Stern.
Kocherlakota, 45, takes office on Oct. 8 and is a consultant to the Minneapolis Fed, bank spokeswoman Patti Lorenzen said today. He is a former […]

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German investor confidence rose to the highest level in more than three years in September after the economic recovery gathered strength and stocks surged.
The ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict developments six months ahead, increased to 57.7 from 56.1 in August. […]

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Ireland named finance professor Patrick Honohan to run the country’s central bank, giving him supervisory power over a banking industry that almost collapsed last year and a voice in monetary policy across the euro region.
Honohan, 59, will succeed John Hurley, who retires later this month, Finance Ministry spokesman Eoin Dorgan said by telephone. […]

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The Federal Reserve will be unable to prevent the trillions of dollars in government stimulus pumped into the U.S. economy from stoking inflation over the next decade, a survey of business economists showed.
The price gauge tracked by the central bank will rise 3 percent a year on average from 2014 through 2018, according […]

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