Time Warner to Spin Off AOL, CNet News, May 28, 2009
AOL+TWX=??? Do the math, and you might wonder if this company’s long-term annual return to investors can beat a Treasury bond’s, Carol J. Loomis, Fortune, Feb. 7, 2000
GM Said to Plan for June 1 Bankruptcy, Sale of Assets, Bloomberg, May 28, 2009
The Tragedy of General Motors: The Detroit giant is a weird, scarred combination: a carmaker doing poorly, and an insurance company engulfed by its obligations. It’s heading for a wreck–which is why CEO Rick Wagoner has the toughest job in business, Carol J. Loomis, Fortune, Feb. 6, 2006. Sample quote: “Bankruptcy isn’t going to occur next week. But down the road–say, past 2006 –its probability is high.”
A.I.G. Says Revamping Could Take 3 to 5 Years, New York Times, May 13, 2009
AIG’s rescue has a long way to go: When will the government’s costly bailout of the deeply distressed insurance giant be over? Don’t expect it to be anytime soon, by Carol J. Loomis, Fortune, Dec. 29, 2008