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News For: Warren Buffett AnnuitiesSome sales of AIG annuities on hold Dozens of banks have suspended sales of AIG annuities, a sign of the challenge the company faces holding onto business a week after the government took it over. Wisconsin insurance commissioner urges caution about AIG annuities Wisconsin Insurance Commissioner Sean Dilweg is urging insurance consumers today to be cautious about replacing or liquidating their annuities, particularly those that may be underwritten by the AIG insurance companies, despite the current volatility in financial markets. High rise and shine Jack Barringer of North Jackson uses a power-washer Monday morning on the exterior of the Huntington Bank building, 108 Main Ave. S.W., Warren. SeverStal Warren, the former WCI Steel Inc., plant can be seen in the background below. Barringer works for Joseph Painting of Boardman. See more photos on CU by visiting cu.tribtoday.com Bank of America robbed Police are asking for the public's help in finding whoever robbed the Bank of America on South Warren Street. AIG debacle raises red flags that need checking on your policies Whether you have insurance policies through AIG or another company, the events of last week should serve as a red flag about the safety of your annuities and life insurance policies in these volatile economic times. Loss Of Face Could Mean Losses For AIG In Japan After coming close to bankruptcy, the insurer is facing a crisis of confidence among its notoriously skittish Japanese customers. Attorneys at local law firms Richard Abbey is a senior partner at Abbey, Weitzen-berg, Warren & Emery, Sonoma County���s oldest law firm. Mr. Abbey concentrates on the banking industry, employment law and mergers and acquisitions. Corporate report Lehman Brothers Holdings Inc. -- Nomura Holdings Inc., Japan's largest brokerage, has reached a deal to buy the Asian operations of the bankrupt U.S. investment bank. The deal includes Lehman's businesses in Japan and Australia. The deal would include Lehman's 3,000 employees in Asia, including the U.S. AP Financial NewsBrief at 6:09 p.m. EDT NEW YORK _ Elation in the financial markets over the $700 billion bank bailout plan evaporated Monday and was replaced by all-too-familiar anxiety, pummeling stocks and sending oil prices to their biggest one-day gain. WALL ST. BIGS' REVOLUTION WASHINGTON - The biggest Wall Street restructuring since the Depression continued last night as the Federal Reserve dropped another bombshell - granting a request by the country's last two stand-alone investment banks, Goldman Sachs and Morgan... |