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Former AIG CEO Hank Greenberg on Obama's jobs plan and the tenuous relationship between the President and the business community.

Bailed-out insurer AIG is reporting a profit of $11.2 billion for the fourth quarter of 2010 from gains it made from selling and spinning off two of its life insurance units.

The Hong Kong listing of American International Group's Asian unit is expected to raise $14.1 billion for AIG's repayment of bailout funds from the U.S. government, the Asian insurer said.

The recession, now officially over and down in history books the longest since the Great Depression, was not kind to the business world.

Once-proud General Motors succumbed to government takeover. Disgraced financial giant AIG (AIG) needed taxpayer bailouts to survive.

Countless smaller, uncelebrated businesses closed their doors completely.

Taxpayers took another hit, this one indirect, from the oil spill caused by the Deepwater Horizon rig explosion through insurance claims related to the disaster.

As American International Group gears up to announce its latest quarterly performance on Friday, the elephant in the middle of the room is staying put.

When will the insurance giant -- now a shell of its former self -- repay the $102 billion it still owes American taxpayers?

Goldman Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market.

Here is a recap of the top news items from this week on Wall Street: 1. Retail sales improved by 0.3 percent in February, while economists had been looking for a 0.2 percent decrease for the month.

The latest data shows that shoppers may in fact be opening their wallets, and in turn helping the economy emerge from the "Great Recession" that has struck the country.

Excluding autos, retail sales jumped in February by 0.8 percent, well ahead of the 0.1 percent increase that economists had projected, while excluding auto sales rose 0.5 percent in January, revised down from

In this Feb. 25, 2010 file photo, Trader Albert Young, left, studies his screens as he works on the floor of the New York Stock Exchange.

The stock market managed modest gains Friday as investors seemed to shake off the latest round of downbeat economic news.