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Business 19 Sep 2009 | 12:00 AM

Your 10 questions

Former Inspector-General of Police Tun Hanif Omar fields the 10 questions posed to him by our readers.

Business 25 Sep 2009 | 12:00 AM

Treasury says US economic recovery just beginning

WASHINGTON: The Obama administration on Thursday sent its clearest signal yet that it is prepared to extend its $700 billion bailout for Wall Street for another year, even as lawmakers said they were frustrated that not enough was being done to help the average American.

Business 05 Oct 2009 | 12:00 AM

US government report questions rescue claims

WASHINGTON: The credibility of the government's US$700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends.

Business 14 Oct 2009 | 12:00 AM

Obama's pay czar asks AIG not to pay promised bonuses

WASHINGTON: The Obama administration's pay czar has asked American International Group to withhold some of the millions in bonuses promised to its employees.

Business 21 Oct 2009 | 12:00 AM

US$700b bailout helped but at a great cost

WASHINGTON: A government watchdog said the US$700 billion bailout for the financial industry played a major role in rescuing the economy over the last year but also engendered anger and distrust among Americans because of secrecy and confusion about the way the program was handled.

Business 06 Nov 2009 | 12:00 AM

US taxpayers risked US$4.3tril at height of crisis

WASHINGTON: Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets - a strategy that could cause permanent and costly market distortions, a government watchdog says. At the peak of the financial crisis, taxpayer money guaranteed assets worth US$4.3 trillion to help banks ride out the panic.

Business 16 Nov 2009 | 12:00 AM

GM to begin repaying aid by year-end

WASHINGTON: General Motors Co. will begin paying back US$6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter.

Business 17 Nov 2009 | 12:00 AM

US Govt may have overpaid to bail out AIG

WASHINGTON: Officials managing the multibillion dollar bailout of insurance giant American International Group Inc. bungled the first rescue and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says.

Business 07 Dec 2009 | 12:00 AM

Traffic offence, the difference between a summons and a notice

I refer to the Monday Starters column on 'Will discounts for your traffic summonses make you a careful driver?' (Nov 30). The instruments of any traffic law enforcement agency are in the form of notices and summonses for those caught breaking the law.

Business 19 Dec 2009 | 12:00 AM

Your 10 questions

Lat (or Datuk Mohd Nor Khalid) the cartoonist answers...