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American International Group, which has received more than $170 billion in taxpayer bailout money, is to pay executives in the business unit that brought the company to the brink of collapse last year $165 million in bonuses. The bonuses will go forward because lawyers say the firm is contractually obligated to pay them. Read More

A once-obscure accounting rule was changed Thursday to give banks more discretion in reporting the value of mortgage securities. Apparently under political pressure, the five-member Financial Accounting Standards Board approved a controversial change that makes it possible for banks to keep some declines in asset values off their income statements. Read More

The Executive Director of Greenpeace, John Passacantando, the president of Rainforest Action Network, Randy Hayes, and nearly a dozen other activists locked themselves inside of the main entrance of the Environmental Protection Agency today. This protest was the latest in a series of pre-Earth Day activities against Bush's recent greenwashing of his anti- environmental agenda. All were arrested. Read More

Evergrande Real Estate Group, now mired in debt, has become a symbol of China's go-go era of investing, when international bankers, private equity deal makers and hedge fund managers from Merrill Lynch, Deutsche Bank and others rushed here hoping to cash in on the world's biggest building boom. Read More

New York State prosecutors and the Securities and Exchange Commission are investigating whether the Carlyle Group, one of the nation's largest and most politically connected private equity firms, made millions of dollars in improper payments to intermediaries in exchange for investments from New York's state pension fund. Read More

The U.S. government is widening its investigation of offshore tax evasion to include services sold by the First Data Corporation, a large processor of credit card transactions. The I.R.S. alleged that First Data actively marketed and sold offshore services to American merchants, who in turn used the service to help their clients hide taxable income. Read More

With the economy on the ropes, hundreds of thousands of consumers are turning to "debt settlement" companies like Credit Solutions to escape a crushing pile of bills. State attorneys general are being flooded with complaints about settlement companies and other forms of debt relief. Read More

The worldwide financial crisis is hitting people in the Global South with particular venom, and disaster profiteering is alive and well. Take Mexico. While entities like Citigroup-owned Banamex get away with charging Mexican credit account-holders usurious interest rates of up to 100 percent, Banamex itself turned nearly $1 billion in profits in 2008. Read More