Originally published on Fri September 21, 2012 7:46 am
Credit Courtesy of the John and Laura Arnold Foundation
Why would a billionaire energy trader-turned-philanthropist throw his foundation's dough behind a new think tank that wants to challenge scientific assumptions about obesity?
John Arnold, 38, whose move from Enron to a spectacularly successful hedge fund got him on the list of wealthiest Americans, isn't crazy about talking to the press. But certainly his decision with his wife Laura to back a newly launched operation called the Nutrition Science Initiative, or NuSI, is an intriguing one.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block. The U.S. government made a big chunk of money in the stock market today. It sold more than 630 million shares in AIG, the American International Group. The government reluctantly acquired the shares when it injected billions of dollars into the insurance giant to keep it from collapsing. The Treasury Department says the government turned a $15.1 billion dollar profit on the deal. Here's NPR's John Ydstie.
Originally published on Tue September 11, 2012 2:07 pm
Credit Lam Thuy Vo / NPR
It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares in companies such as AIG and GM, and has yet to recoup some $200 billion in bailouts.
Over the weekend, the United States Treasury said it has plans to sell $18 billion worth of American International Group stocks. During the financial crisis in 2008, the government pumped $182 billion into AIG stock to keep it from collapsing.
Reuters reports, this morning, that AIG shares fell 1.5 percent because of the news. Reuters adds:
"AIG itself will buy back $5 billion of its own shares in the upcoming stock sale, with the rest of the shares going to the broader public.