Logo
BusinessBusiness

AIG bonuses

AIG withheld $2.4 mil lion in bonuses due to be paid to dozens of senior managers on July 15. The bonuses were not paid be cause AIG is still working with Washington compen sation czar Kenneth Fein berg on a number of is sues, a source said.

Wells Fargo

Wells Fargo said bad loans jumped in the sec ond quarter. Assets no longer collecting interest climbed 45 percent to $18.3 billion as of June 30 from the first quarter. The increase was disclosed as Wells Fargo reported sec ond-quarter net income soared 81 percent to a re cord $3.17 billion.

EBay earns

EBay reported sec ond-quarter profit and sales that beat analysts’ estimates. Net income fell to $327.3 million, or 25 cents a share, from $460.3 million, or 35 cents, a year earlier.

SEC rules

Money managers could be restricted from making political contributions in hopes of winning business from pension funds, under rules proposed by the staff of the SEC.

Downtown sale

The 458,848-foot office building at 100 Wall St. will likely be sold under a debt restructuring agree ment between Lehman Bros. and Broadway Part ners that included holding other out-of-town proper ties in a joint venture.

Labor pains

Workers at a Michelin tire plant and a US-owned cigarette-paper mill locked up their bosses in a new eruption of French worker protests against layoffs and cost cuts.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy