News

Beleaguered insurer American International Group Inc. could be split into at least three separate government-controlled divisions in an effort to save the business, according to a report by the Financial Times.

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The Rocky Mountain News in Denver will publish its last edition Friday. Owner E.W. Scripps Co. announced on the newspaper's Web site Thursday that its search for a buyer for the paper was unsuccessful.

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New Chief Executive Carol Bartz has reorganized Yahoo in an attempt to make the Internet pioneer faster, simpler, and more responsive to those who use its services.

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Iraq signed a joint venture oil deal with a British-based company on Thursday in one of the largest deals since the 2003 U.S.-led invasion, an official said.

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Manufacturers saw orders for big-ticket goods plunge by a bigger-than-expected 5.2 percent in January as global economic troubles cut into demand from customers both in the United States and abroad.

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The Royal Bank of Scotland has posted the largest annual loss in British corporate history of 24.14 billion pounds ($34.4 billion) for 2008.

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The owners of a company that managed hundreds of millions of dollars for universities and charities were arrested Wednesday on charges of looting their investment funds for over a decade to buy horses, collectibles and other personal items.

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The Obama administration hopes to restore confidence in the nation's ailing financial sector by subjecting 19 of the largest banks to "stress tests" that will gauge whether each institution has adequate capital to survive a severe downturn.

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NFL commissioner Roger Goodell is taking a pay cut and the league staff has been trimmed by 15 percent because of the reeling economy, the NFL confirmed.

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Top executives of Chrysler LLC took their requests for billions in new loans to members of the Obama administration's auto task force.

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