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Shares of American International Group Inc. rose 6 percent in after hours trade on Thursday after it announced that the fourth-quarter profit jumped 77 percent, fueled by a tax benefit and an increase in the value of a stake in Asian insurer AIA Group Ltd .

Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.

Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, reported fourth-quarter profit of $19.8 billion. Favorable stock market conditions also helped offset large losses stemming from Thailand floods.

Bailed-out insurer American International Group reported a profit of $19.8 billion for the fourth quarter, after an accounting determination that it is likely to post future profits let it release the value of some tax benefits.

At least one large financial institution has approached the Federal Reserve Bank of New York with an offer to buy out the remaining mortgage-backed toxic waste bonds it received from AIG as collateral for a $19.5 billion bailout in 2008, according to Bloomberg News, as banks are looking to profit from what many see as an incipient turnaround in the U.S. housing market.

Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, is expected to return to profitability when it reports its fourth-quarter earnings after markets close Thursday. Favorable stock market conditions and less reserve charges may also helped offset large losses stemmed from Thailand floods.

For the second time in less than a year, the Securities and Exchange Commission has pressed bailed-out insurer American International Group to provide more disclosures in its quarterly reports, this time on guaranteed interest rates in its life insurance business.

Foreign and U.S. banks warned lawmakers on Wednesday that broad application of U.S. swaps rules could undermine U.S. competitiveness abroad, increase the cost of hedging and even provoke brinkmanship among international regulators.

Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.

Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive of an airplane maker, the company said on Tuesday.

The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop.

Just when Americans have largely forgotten about the Treasury's controversial bailout program, the Congressional Budget Office on Tuesday blamed it for an anticipated $23 billion widening in the government's deficit.

American International Group Chairman Steve Miller said on Thursday the bailed-out insurance giant may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off subsidiary AIA Group , as confidence in its turnaround grows.

Wanted: Skilled executives willing to take over large, failing U.S. financial firms at a moment's notice.

The European sovereign debt crisis has been festering for nearly three years, and some observers wonder whether the credit default swaps (CDS) that have been written on the government of Greece, Ireland, Italy, Portugal and Spain represent another source of risk for the world's financial institutions.

A federal judge has approved American International Group Inc's $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers' compensation policies.

The unemployment extension for 2012 has not yet passed in Congress and time is running out.

A company run by former American International Group Inc Chief Executive Maurice Hank Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional.

Is now a good time to consider the shares of American International Group (AIG)? And what, if anything, does AIG's stock price say about the U.S. economy?

The paradox of Occupy Wall Street's effect on local business is seen in the span of half a New York City block -- from 40 Wall St. to 60 Wall St.

Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.

Perhaps the most invidious, appalling action during the financial crisis was the decision by the U.S. Federal Reserve to take over New York-based American International Group (AIG) in Sept. 2008. And it was the most necessary.

AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said on Friday, the day after the company posted a net loss of more than $4 billion.

Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company's one-third stake in Asian insurer AIA fell.

The companies that are expected to see active trade on Thursday are: Starbucks Corp., American International Group, First Solar, Qualcomm, Teradata Corp, Chesapeake Energy, NetQin Mobile, NYSE Euronext, RealD, Microchip Technology, MGM Resorts International, Frontier Communications and Duke Energy Corp.

The Treasury Department received a $972 million repayment from American International Group , funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, Treasury said on Tuesday.

A federal judge rejected American International Group Inc's request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp back to a New York state court, where AIG believed the case belonged.

Gawker posted Goldman Sachs CEO Lloyd Blankfein's cell phone number on its website, figuring the CEO might like some sympathy after revealing huge quarterly losses Oct. 18 to the tune of $428 million.

Bank of America Corp asked a judge to disqualify the law firm representing AIG in the insurance company's $10 billion mortgage-fraud lawsuit against the bank, alleging a conflict of interest by one of the firm's partners.