(MarketWatch) — CNBC anchor Mark Haines, a constant presence on business television for more than 20 years, died suddenly Tuesday evening, the business network said on its website Wednesday morning.
He was 65 years old.
Haines died at his home, CNBC said. He helped to create the cable channel’s morning program, “Squawk Box,” and served as its founding anchor.
“He was very important to CNBC because the great danger they face is that they’ll be perceived as a cheerleader for the markets,” said Andrew Tyndall, an analyst of news broadcasts.
“The fact that he was in that prestige spot, before the market opened, to say, ‘Let’s cut through all the rah-rah stuff and find out what’s really going on,’ was very valuable to that network,” he added. “And now, without him, there’s one less person to steer CNBC away from that cheerleading tone.”
Before joining CNBC in 1989, Haines held news anchor jobs at KYW-TV in Philadelphia, WABC-TV in New York and WPRI-TV in Providence, R.I.
AIG is selling 100 million shares and the Treasury Department is selling 200 million shares. The offering is set to raise $8.7 billion. That excludes the so-called greenshoe of 45 million shares. If the underwriters take up their option to purchase all this extra stock, that would raise another $1.3 billion for the government. AIG is using the money it raises to settle litigation from the previous decade. Treasury is using the offering to reduce its stake in AIG from over 92%.
SNOHOMISH, Wash. -- "It's scary" said Mayra Araujo. "It’s huge," added Kaitlyn Everson. The two Snohomish High School Seniors are talking about this country's national debt. They've been studying the complex and daunting subject in Ben Doucette's Business and Marketing class and they're not too happy about what they've learned. "It's out of their control," said Doucette, "and all this spending has been done without their consent and yet they own the debt."
WASHINGTON (MarketWatch) — Republican presidential candidate Tim Pawlenty hits the campaign trail this week with tough talk for both Wall Street and seniors, pledging an end to bailouts for big banks and changes for what he calls unsustainable entitlement programs.
“I’m going to New York City to tell Wall Street that if I’m elected, the era of bailouts and handouts for big banks is over,” wrote Pawlenty, a former governor of Minnesota. “I’m going to Florida to tell both young people and seniors that our entitlement programs are on an unsustainable path and have to be changed,” Pawlenty wrote. He also promised he’d speak “truthfully” about farm subsidies while in Iowa on Monday.
“We will grow our economy if we shrink our government.”
"The video I took while at Fastrip on east 20th street. We huddled in the back of the store until the glass got sucked out , then ran into the walk in storage fridge. Sorry for the lack of visuals but the audio is pretty telling of how intense the storm was. The tornado hits near the 2-minute mark."