Aig Stories
Dominique Strauss-Kahn Was Trying to Torpedo the Dollar
Aren't you at all curious about who's behind this lynching by media scam? This is an all-out, no-holds-barred, steel-cage, take-down. The big boys save that kind of action for the worst offenders, that is, for the insiders who have broken Omerta or wandered off the reservation. Even Bernie Madoff was allowed to stay in his $7 million Park Avenue penthouse.
Least Reputable Companies in US (PHOTOS)
Insurance conglomerate AIG had been named the least reputable company in the United States by the annual Reputation Report from market researcher Harris Interactive.
AIG stock sale draws initial investor interest: report
Underwriters for the planned $9 billion stock sale by American International Group Inc and the Treasury have indications of interest from investors for about half the offering, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
AIG sets $9 billion stock offer, less than expected
American International Group and the Treasury said they will sell around $9 billion in AIG stock, suggesting the government's exit from its crisis-era investment will be slower and less profitable than originally thought.
U.S. Stocks Drop, Along With Commodities
U.S. stocks dropped sharply (wiping out this week’s advances) in tandem with plunging commodity prices
AIG, Treasury to sell nearly $9 billion in stock
American International Group will sell 100 million shares and the U.S. Treasury will sell 200 million shares, as the bailed-out insurer begins its return to public control.
Treasury, AIG cut plans for share sale: source
American International Group and the U.S. Treasury scaled back plans for a share sale after the insurance company's stock posted a steady decline and closed near an 8-month low on Tuesday, a source familiar with the situation said.
Treasury seen selling 15 percent of AIG stake: source
The Treasury is expected to sell about 15 percent of its stake in American International Group in a share sale later this month, a source familiar with the situation told Reuters on Tuesday.
AIG, Treasury mull shelving share offer: report
American International Group Inc and the Treasury are considering whether to drop or scale back a large public offering of AIG shares, because of the recent decline in the bailed-out insurer's share price, Financial Times reported on Tuesday, citing people close to situation.
AIG shares hit fresh lows, threaten U.S. losses
Shares in bailed-out insurer American International Group fell to their lowest levels in nearly eight months on Monday, potentially moving them into loss-making territory for the U.S. Treasury.
After-Market movers on May 5 (CF, FLR, CI, PCLN, EOG, CFN, SUN, PCS, V, AIG)
The companies whose shares are moving in aftermarket trade on Thursday are: CF Industries Holdings, Fluor Corp, CIGNA Corp, Priceline.com, Eog Resources, Carefusion, Sunoco, Metropcs Communications, Visa and American Internation Group.
AIG posts ongoing loss on debt, quake charges
Bailed-out insurer American International Group lost more than $1 billion from its ongoing operations in the first quarter, as the company took a huge charge for the termination of its credit facility from the Federal Reserve.
AIG posts loss on debt, earthquake charges
Bailed-out insurer American International Group posted a loss from continuing operations in the first quarter as it recorded a charge of more than $3 billion related to its recapitalization and termination of its credit facility from the Federal Reserve.
AIG pushes Airbus past Boeing in jet sales
A $9 billion, 100-plane order from the leasing arm of U.S. insurance group AIG has lifted Airbus above Boeing Co in new jetliner sales this year, putting pressure on the EADS unit rival to clarify its next plane design.
AIG down amid chatter on share sale pricing
The Treasury and banks working on the sale of the government's stake in bailed-out insurer American International Group are too early in the process to come up with specific numbers for a potential offering, a source close to the situation said on Thursday.
AIG stock sale pricing up for debate: report
The Treasury and the banks working on the sale of the government's stake in bailed-out insurer American International Group are at odds over how low to price the first sale of stock, CNBC reported on Thursday.
AIG unit must pay $86.7 million in arbitration ruling: report
A unit of bailed-out insurer American International Group must pay $86.7 million to a U.S.-based unit of a Belgian bank over a dispute involving an investor in life insurance policies, the Wall Street Journal reported.
AIG seeks to recoup billions it says lost to fraud
American International Group Inc sued two money management firms on Thursday in the start of a fight to recoup billions of dollars the bailed-out insurer said it lost due to fraud.
AIG sues two financial firms over CDO losses
American International Group sued two money management firms on Thursday as the bailed-out insurer launched a fight to recoup billions of dollars it said it lost due to fraud.
AIG sells off asbestos risk to Berkshire Hathaway
American International Group Inc will transfer its troublesome asbestos risk to Berkshire Hathaway Inc , relieving it of a book of business that has cost it billions of dollars, the bailed-out insurer said on Wednesday.
AIG working on investing cash, may bid on bonds
Bailed-out insurer American International Group is working hard to invest cash it set aside for a failed deal to buy back assets from the Federal Reserve, Chief Executive Bob Benmosche said on Tuesday.
AIG, Ally, GM CEO compensation will not increase
Compensation packages for the chief executives of bailed-out firms American International Group , Ally Financial and General Motors will not increase in 2011, the Treasury Department said late on Friday.
AIG reorganizes biggest unit
American International Group reorganized its biggest unit and charged derivatives veteran Peter Hancock with turning around the struggling property and casualty business.
AIG reorganizes its biggest unit
American International Group reorganized Chartis, its largest unit, and named Peter Hancock as head of the property and casualty division.
AIG expects other bids for subprime bonds: report
American International Group expects others to bid for the mortgage-backed securities that it has offered to pay $15.7 billion to buy back from the U.S. government, the insurer's chief executive told the Wall Street Journal.
Pre-market movers on Mar.15 (FSLR, NFLX, WFR, USB, COF, AIG, AMD, JDSU, MMI)
The companies whose shares are moving in pre-market trade on Tuesday are: First Solar, Netflix, MEMC Electronic Materials, U.S. Bancorp, American International Group, Capital One Financial, Motorola Mobility Holdings, Advanced Micro Devices and Jds Uniphase.
Pre-market movers on Mar.14 (CTAS, WFR, FSLR, MU, XLNX, LUV, EXC, NRG, AIG, AFL)
The companies whose shares are moving in pre-market trade on Monday are: Cintas, MEMC Electronic Materials, First Solar, Micron Technology, Xilinx, Southwest Airlines, Exelon, NRG Energy, American International Group and Aflac.
AIG bid to buy back mortgage bonds may buoy market
American International Group's bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally.
WikiLeaks: As AIG crumbled, China stepped in as broker
U.S. officials believe China's insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm's collapse in 2008, according to unpublished diplomatic cables.
AIG offers to buy back RMBS for $15.7 billion
American International Group offered on Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government had taken off the bailed-out insurer's hands during the financial crisis.