A Vermont ski town's future is tied to AIG's misfortunes and the dreams of its former chairman.

Read this before you drop the ax. You'll save yourself--and the departed--some grief.

Prince Alwaleed revealed plans to up his stake in the bank, but shares still headed south.

HONG KONG (Reuters) - Waves of selling in world stock markets crashed into Asia on Friday, with gains from the region's 5-year bull run now erased as a global recession tightened its grip, and investors sought refuge in government bonds and cash.

WASHINGTON (Reuters) - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.

EVANSVILLE, Indiana (Reuters) - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday.