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American International Group is boosting the amount of capital it plans to raise to a total of $20 billion, the insurer's chief executive officer said on Tuesday.

The former chief executive and major stakeholder insurer in American International Group Inc Maurice Greenberg called on the company to delay this week's annual meeting.

U.S. stocks fell on Friday, pushing the market to its first weekly drop in a month, as oil soared past $126 a barrel and metal producers retreated on concern the surge in commodity prices will end.

American International Group Inc., the world's largest insurer by assets, announced plans to raise $12.5 billion in capital as it posted its second straight big quarterly loss.

American International Group, on the heels of reporting its largest-ever loss, said on Friday the subprime crisis had thrown it into uncharted waters that were likely to remain choppy through 2008.

U.S. stocks hit session lows on Friday afternoon, with the market being weighed down by a huge loss from insurance giant AIG and on fears of an economic recession, causing all indexes to fall more than 2 percent.

American International Group lost $5.29 billion in its fourth-quarter late Thursday as the insurance company took a charge related to credit derivatives.

American International Group Inc on Thursday posted its biggest-ever quarterly loss, missing Wall Street expectations after being hurt by a write-down of derivatives exposed to bad mortgage investments. The world's largest insurer said its fourth-quarter loss was $5.29 billion, or $2.08 a share, compared with a profit of $3.44 billion, or $1.31 a share, in the year-ago quarter.

Treasuries rose on Monday as investors sought safer investments after another sign of trouble in U.S. financial markets.

U.S. stocks rose on Monday after American International Group Inc. said it overstated the value of some financial assets boosting fresh concerns over the financial sector.

American International Group Inc, the world's largest insurer, on Monday disclosed that its auditors questioned the company's internal controls over its valuation of derivatives, sending its shares down more than 11 percent.

American International Group is interested in expanding into consumer finance in South Korea and may buy Korean companies to grow its businesses, the head of its Korean life insurance unit said on Thursday.

U.S. firm American International Group will list an office REIT in Japan this year, the Nikkei business daily said on Thursday, a move analysts welcomed while questioning its timing amid the U.S. subprime mortgage crisis.

American International Group shares fell on Thursday, a day after the world’s largest insurer reported that its third quarter profit dipped 13 percent on losses in consumer finance and exposure to the subprime mortgage market.

American International Group Inc shares fell on Wednesday as investors grew increasingly nervous before third-quarter earnings were reported after the close and a takeover premium evaporated.

Citigroup Inc and Merrill Lynch & Co Inc, both seeking new chief executives after taking billions of dollars in write-downs, are considering the same five candidates for their top jobs, CNBC television reported on Wednesday.

An investment arm of U.S. insurance giant AIG has completed the planned acquisition of 90 percent of Bulgaria's dominant telecoms company BTC, AIG said on Friday.

American International Group, one of the biggest U.S. mortgage lenders, warned on Thursday that mortgage defaults are spreading.

American International Group Inc. (NYSE: AIG) said on Thursday that its first-quarter earnings rose sharply from a year ago, when results were hurt by hurricane losses.