HomeUnited States News – AIG, Barack Obama, Rosa Parks, Chuck HagelBusinessUnited States News – AIG, Barack Obama, Rosa Parks, Chuck Hagel

United States News – AIG, Barack Obama, Rosa Parks, Chuck Hagel

AIG ends U.S. government interest with warrant buyback
(Reuters) – Insurer American International Group Inc eliminated the U.S. government’s last financial interest in the company on Friday, buying back warrants from the U.S. Treasury for about $25 million. The government rescued AIG at the depths of the financial crisis as the insurer teetered on the brink of bankruptcy. The bailout ultimately totaled $182 billion, and when all was said and done the Treasury owned more than 90 percent of the company. The Treasury sold the last of that stock last year but still held some warrants. AIG said Friday it had repurchased all of them. …

Newtown victim’s father makes case for U.S. assault weapons ban
WASHINGTON (Reuters) – The father of a 6-year-old boy who was killed in the shooting massacre at a Connecticut school made a dramatic appeal on Wednesday for President Barack Obama’s uphill bid to ban sales of military-style assault weapons and high-capacity ammunition magazines.

U.S. leaders honor civil rights activist Rosa Parks with statue
WASHINGTON (Reuters) – American leaders unveiled a statue of Rosa Parks on Wednesday, briefly setting aside political differences to honor the civil rights heroine, who became the first black woman to have a monument inside the U.S. Capitol.

America must not “dictate” to world, new defense chief says
WASHINGTON (Reuters) – Decorated Vietnam veteran Chuck Hagel was sworn in as U.S. defense secretary on Wednesday after a bruising Senate confirmation battle, and promised to renew old U.S. alliances and forge new ones without attempting to “dictate” to the world.



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