In a statement on Monday, the U.S. Treasury Department said it will launch an underwritten public offering to sell its remaining 234,169,156 common stock shares in insurer American International Group Inc., better known as AIG.
The U.S. government bought the controlling stake in the company as part of the $182 billion bank bailout in 2008. The sale would bring an end to the government's run as the company's largest shareholder, which represented a 16-percent ownership in the company.
Update at 7 a.m. ET, Dec. 11. Settlement Announced:
Saying that "we accept responsibility for our past mistakes," the chief executive of Britain's HSBC has confirmed that the banking giant will pay a record $1.9 billion to settle charges related to a money laundering scheme in the U.S.
Originally published on Wed December 12, 2012 8:04 am
Pulling out a porcupine quill is painful and slow, as many a dog discovers to its dismay after tangling with the big rodent. But those tenacious quills are inspiring efforts to develop better medical devices, including less painful needles.
It turns out that no one had really picked apart why it's so hard to remove a porcupine quill. Barbs, sure. But the barbs not only stick like mad. They also make it much easier for the quill to pierce skin and flesh.
Originally published on Wed December 12, 2012 8:06 am
Just as the name implies, Clostridium difficile is a difficult pathogen to beat. It causes a nasty infection in your gut, and it's often resistant to many antibiotics.
But C. difficile got even more troublesome about 10 years ago when a particularly virulent form of the bug cropped up in hospitals across the U.S and was no longer vulnerable to one of the most common classes of antibiotics.
We all remember the KFC Double Down: the sandwich that replaced bread with fried chicken and changed our lives for the fatter. Just in time for Hanukkah, the Jewish Journal has created the Latke Double Down, which replaces the bread with latkes, aka fried potato pancakes. They fill theirs with lox.
Developers of smartphone and tablet apps aimed at children have done little in the past year to give parents "the information they need to determine what data is being collected from their children, how it is being shared, or who will have access to it," the Federal Trade Commission reports.
Three previous Peace Prize laureates "South African Archbishop Desmond Tutu, Mairead Maguire of Northern Ireland and Adolfo Perez Esquivel from Argentina, have demanded that the prize money of $1.2 million not be paid this year. They say the bloc contradicts the values associated with the prize because it relies on military force to ensure security."
Originally published on Thu December 13, 2012 8:42 am
Smartphone users have a wide range of apps to choose from if they're looking to dine ethically. There are apps that advise which supermarkets have good environmental records and apps that keep tabs on restaurants and markets offering sustainable seafood.
[This piece contains a little information about Lost. Take it under advisement.]
I vanished into an introspective fog on the train this morning, as I sometimes do, and for whatever reason, I found myself thinking about Lost, and about Charlie, and about his hand flattened against the glass: "NOT PENNY'S BOAT." And suddenly, I realized that my fingers had straightened and spread; without thinking, I was making a Charlie hand.