AIG Reaches Major Step in Repaying Bailout Loans
AIG says it repaid nearly 4 billion of taxpayer aid using funds from ILFC debt sales. ILFC sold 4.4 billion in debt, allowing AIG to reduce Federal Reserve line to about 15 billion, with total repayment including interest around 21 billion.
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Obama aide drives electric car push from home in Prius
Washington's David Sandalow, an Energy Department official and former Brookings scholar, drives a plug-in Prius as he advocates for an Obama administration plan to fund electric vehicles and battery development. He notes the shift could reduce oil dependence while facing battery cost and infrastructure hurdles.
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Half of Obama mortgage relief enrollees drop out
Treasury data show about 630 000 of the 1.3 million homeowners enrolled since March 2009 have left the program by July about 48 percent, as foreclosures rise with RealtyTrac reporting 92 858 filings in July and more than 1 million expected by year end.
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Associated Press
Local Brass Tool Works Expands in Brunswick Park
A growing tool and die stamping manufacturer in the Brunswick Industrial Park near I-71 and Route 303 announces expansion. The facility, already a producer for regional metal parts, plans increased capacity and new jobs as demand rises.
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Brunswick
Productio
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