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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu.  Commentary 

AIG turns down private equity infusion, turns to Fed: report

NEW YORK
Sun Sep 14, 2008 9:18pm EDT
A sign on an office building for AIG, American International Group, is pictured in Los Angeles, California May 8, 2008. REUTERS/Fred Prouser

NEW YORK (Reuters) - American International Group Inc CEO Robert Willumstad turned down a private equity infusion and turned to the Federal Reserve for help, the Wall Street Journal, citing people familiar with the situation, reported Sunday.

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