In light of the news that American International Group -- better known as AIG -- is doling out those "distasteful" but nonetheless delicious bonuses to its execs, the House Financial Services Subcommittee is meeting at this very moment to discuss AIG and "how it got into its current
situation, why it has received so much federal assistance, and how to
move forward." CSPAN is broadcasting the hearing, during which Dallas's Rep. Jeb Hensarling -- noted critic of the September federal bailout that
Southwest Airlines announced this morning that it's living up to that old motto, offering nearly every single employee what CEO Gary Kelly calls an "early out" in the wake of a first-quarter net loss, the Dallas-based carrier's third straight decline. Southwest today announced a first-quarter '09 net loss of $91 million, compared to net income of $34 million last year, prompting the buyout offers, a hiring freeze and wage freezes for the airline's officers and senior management, which were also
Falling sales and claims of sexist, insular management plague Plano-based J.C. Penney. Can a woman -- from Wal-Mart of all places -- turn the troubled chain around?
