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Monday, November 10, 2008

CNBC.com's News Now: AIG CEO On Bailout

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DOW 8870.54 -73.27 -0.82%
NASDAQ 1616.74 -30.66 -1.86%
S&P 919.21 -11.78 -1.27%
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  Monday, Nov. 10, 2008
 
 
WHAT YOU SHOULD KNOW
 
  Crisis Timeline: Fed Actions to Combat Credit Crunch
The U.S. Treasury and Federal Reserve on Monday eased the terms of official aid to battered insurance giant American International Group. The Treasury will buy $40 billion of new preferred AIG stock under the Troubled Asset Relief Program (TARP), allowing the Fed to trim its original AIG loan to $60 billion from $85 billion.....read more
 

  Stocks Close Lower As Early Rally Fizzles
Stocks closed lower as investors worried about the global economic downturn and enthusiasm for China's deep-pocketed stimulus plan faded. After an initial pop, the market turned lower and steadily declined throughout the day.....read more
 

  Stock Picker: Buy Sustainability — NOT Dips
"Buy the dips"? Michael Yoshikami thinks that's become a very over-used term. "What I'm suggesting is, this is an economy that's going to take time to recover," the president and chief investment strategist of YCMNET Advisors told CNBC.....read more
 


  TODAY'S TOP 5 VIDEOS  
  1. Tiger Woods' Golf Course
Tiger Woods discusses getting into real estate in the current market, how he feels about Obama's election, the survival of his sport in tough economic times, his recovery from injury and much more, with CNBC's Jane Wells.
 

  2. Seeing a Deeper Recession
Forecasting a jobless rate of 8.5 percent, with Jan Hatzius, Goldman Sachs chief U.S. economist and the Power Lunch team.
 

  3. AIG CEO On Bailout
Insight on the company's loss of $24B in Q3 and the government's bailout package to help the troubled insurer, with Edward Liddy, AIG chairman/CEO
 

  4. The New Economy
Thoughts on the economy, the auto industry and the President-elect, with Nouriel Roubini, NYU Stern School of Business professor
 

  5. Stop Trading, Listen to Cramer!
Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.
 

  Click here to view all of today's top videos on CNBC.com
 

  CNBC.com BLOG OF THE DAY  
  BLOG OF THE DAY There is NO Crying In Baseball--Or Downsizing!
Tough times are getting tougher and almost no business is immune from the troubled economy. But there are things workers can do to keep them selves in the employment game.

See All CNBC.com Blogs
 

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