Opinion: Auto And Bank Bailouts Prove Effective
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
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On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The jobs situation actually is getting better, if you know where to look, reported WCBS 880's Wayne Cabot.
The New York insurance company said Wednesday that it also reached a deal with the Treasury Department allowing it to keep $2 billion in proceeds from the sale of its life insurance divisions.
AIG, which agreed to the sale in September, said it will keep its remaining insurance businesses in Japan.
AIG will issue 75 million warrants on Jan. 19 to shareholders of record Jan. 13. Shareholders who exercise the warrants stand to gain 36 percent if AIG's stock price retains its current level of about $61.
AIG said it closed its sale of American Life Insurance Co. Monday to MetLife Inc. for $16.2 billion. It said last week that it raised $20.51 billion through an initial public offering for AIA Group Ltd.
New York-based AIG was one of the hardest hit financial companies by the credit crisis and received the largest bailout the government doled out.
The plan would begin with the Treasury Department converting $49 billion in preferred stock it holds in AIG into common shares, according to the report.
In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.
A 40-foot-long dead whale washed up on Rockaway Beach in Queens Thursday.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
A fire at a Bronx firehouse left at least 14 people with minor injuries. Two firefighters were taken to the hospital for treatment.
St. John's will face the No. 1 overall seed, Duke, in the next round of March Madness Friday.
The man accused of shooting and killing Loyola University student Sheridan Gorman is expected to face a judge on Friday.
A fire at a Bronx firehouse left at least 14 people with minor injuries. Two firefighters were taken to the hospital for treatment.
St. John's will face the No. 1 overall seed, Duke, in the next round of March Madness Friday.
A 9-year-old boy is recovering at a Brooklyn hospital after he was shot in the leg Thursday afternoon.
A New York City schools staffer was killed in Mount Vernon over the weekend, police say.
Some students in New York City public schools say they feel like they're being spied on as they leave classes on bathroom breaks and other hall pass reasons.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
The New York City area will be under a wind advisory Monday with periods of heavy rain and severe thunderstorms expected across the region.
The New York area is in for a mild weekend before the weather takes a turn to start the work week.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
St. John's will face the No. 1 overall seed, Duke, in the next round of March Madness Friday.
Gov. Mikie Sherrill signed three bills into law Wednesday limiting the power of ICE agents in New Jersey.
A 16-year-old boy is fighting for his life after he was stabbed Tuesday in Hackensack, New Jersey, his family told CBS News New York.
Gov. Mikie Sherrill signed an executive order Tuesday that pushes NJ Transit to improve the rider experience.
ICE agents began patrolling at JFK Airport in NYC and Newark Airport in New Jersey on Monday.
St. John's will face the No. 1 overall seed, Duke, in the next round of March Madness Friday.
Accused Gilgo Beach serial killer Rex Heuermann is likely to change his plea to guilty when he next appears in court, a source with knowledge of the case tells CBS News New York's Carolyn Gusoff.
A second person was arrested Tuesday in connection with a 2021 acid attack on Long Island college student Nafiah Ikram.
High school students are helping residents in assisted living in Long Island, New York feel a bit more confident with makeovers.
Two of the most storied programs in men's college basketball, St. John's and Kansas, will battle it out later Sunday.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
President Trump said he will sign an executive order to restart pay for TSA officers, who have gone more than a month without a full paycheck.
The New York City Council has passed legislation to allow the NYPD to set up buffer zones around schools and houses of worship.
The Senate agreed early Friday to fund most of the Department of Homeland Security in an effort to end a standoff in Congress that led to massive lines at many airports.
Deposed Venezuelan leader Nicolás Maduro and his wife appeared Thursday in federal court in Manhattan. Here's a look at his life behind bars.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
Rapper Megan Thee Stallion made her Broadway debut Tuesday night, adding some of her own big hits to "Moulin Rouge! The Musical."
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
St. John's will face the No. 1 overall seed, Duke, in the next round of March Madness Friday.
Nico Hischier scored two goals to lead the Devils to a 4-2 victory over the Predators on Thursday night.
The Charlotte Hornets snapped the New York Knicks' seven-game winning streak with a 114-103 victory Thursday night.
Ilya Sorokin made 26 saves to help the Islanders beat the Stars 2-1 on Thursday night.
The Mets chased Paul Skenes in the first inning of his worst major league start, beating the Pirates 11-7 on Thursday.
From World War II to modern mixology, women in Brooklyn fought for their place behind the bar. This Women's History Month, their legacy continues to influence the city's nightlife.
A new performing arts venue with a focus on immigrant stories is opening in Upper Manhattan this fall. CBS News New York's Noëlle Lilley got an exclusive tour of the construction that will give The People's Theatre its first home in more than 15 years.
Members of the Apollo Theater, where Kiki Shepard left her mark for 15 years, reflect on her legacy after the Harlem icon's death at age 74.
The Rev. Al Sharpton is calling on New York City to help protect the Merchant's House Museum in Manhattan after a recent discovery revealed connections to the Underground Railroad.
A Harlem school is teaching students how to love, honor and care for their natural hair.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Suffolk County law enforcement officials announced a 57-count indictment against members and associates of a Riverhead-based gang. Among those facing charges is a Mount Vernon police officer.
It's going to be a chilly Saturday in the New York area, with milder temperatures Sunday. But it should feel more like spring next week. CBS News New York's John Elliott has the latest forecast.
Jersey City is getting an update to its 16-year-old emergency system to make sure every call is answered.
Cyber criminals linked to Iran have accessed FBI Director Kash Patel's personal email account, sources familiar with the matter told CBS News Friday.
"Today" show co-host Savannah Guthrie will return to the program on April 6, host Hoda Kotb announced on the program's Friday broadcast.
