Aig Stories
AIG offers U.S. government a $15.7 billion buyback
American International Group offered on Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government took off the bailed-out insurer's hands during the financial crisis.
Ex-AIG CEO Greenberg: Judge in NY AG case biased
Maurice Hank Greenberg, the former American International Group Inc chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is biased.
AIG sets up plan to protect tax assets
Bailed-out insurer American International Group Inc set up a plan to protect tens of billions of dollars in valuable tax assets by discouraging investors from taking large new positions in the company.
AIG nets $9.6 billion in MetLife stock sale
American International Group sold $9.6 billion in shares of insurer MetLife Inc on Wednesday, closing the offering a day earlier than expected, on strong demand.
Taiwan AIG unit bidders set to face regulators
Shareholders of two of the firms in a consortium buying U.S. insurer AIG's Taiwan unit approved the $2.16 billion bid on Wednesday, setting the scene for what is expected to be a tough battle with regulators.
AIG to accelerate MetLife sales, government repayment
Bailed-out insurer American International Group will sell off its stake in MetLife Inc months earlier than expected, accelerating its repayment of the U.S. government and giving MetLife more control of what had been an overhang for its shares.
AIG to sell MetLife stock earlier than planned
American International Group Inc will sell MetLife Inc shares it received in the 2010 sale of American Life Insurance Co to MetLife earlier than originally planned, the company said on Tuesday.
AIG profits on asset sales, life unit strong
Bailed-out insurer American International Group Inc earned $11.2 billion in the fourth quarter on asset sales, but charges to expand its reserves for old asbestos claims pushed its underlying operations into another loss.
Pre-market movers on Feb. 18 (ED, MOLX, AKS, AGN, JDSU, CPB, PEP, AIG )
The companies whose shares are moving in pre-market trade on Friday are: Consolidated Edison, Molex, AK Steel Holding, Allergan, Jds Uniphase, Campbell Soup, PepsiCo and American International Group.
The end of the global currency regime is now unavoidable
The debts assumed by the Western democracies will overwhelm their economies and lead to the end of our current Dollar-denominated, global currency regime. This has profound implications for Americans' standard of living and our empire's role in the world.
Recessions since Great Depression
A recession is the decline of a nation's gross domestic product (GDP) over two or more consecutive quarters. It is also referred to as a period of economic decline and reduced economic activity. During recessions, many macroeconomic indicators vary in a similar way. GDP, employment, investment spending, capacity utilization, household incomes; business profits and inflation all fall, while bankruptcies and the unemployment rate rise. Here is a list of recessions that occurred since the Great ...
Stocks finish narrowly mixed as Bernanke warns of high joblessness
U.S. stocks finished narrowly mixed after Federal Reserve chief Ben Bernanke warned that unemployment may remain at elevated level for several years, although he downplayed inflation risks.
AIG to take $4.1 billion fourth-quarter charge
American International Group will take a fourth-quarter charge of $4.1 billion for raising its loss reserves, the insurer said on Wednesday.
AIG Sees $4.1 Bln Charge in Q4
American International Group, Inc. said it expects to record a $4.1 billion charge in the fourth quarter to boost the loss reserves in its Chartis property and casualty insurance subsidiaries.
Berkowitz bullish on AIG and spinoff AIA: Bloomberg
Hedge fund manager Bruce Berkowitz, the second largest stakeholder in American International Group, is bullish on both AIG and its spinoff AIA.
Goldman allegedly received $2.9-bln in bailout money from AIG
Goldman Sachs allegedly received $2.9 billion in bailout money from American International Group, which in turn received it from the Federal government as part of the 2008 bailout package.
Inquiry board cites usual suspects as culprits behind 2008 financial collapse
Both Bush and Clinton Adminstrations were at fault, as well as former Fed Chairman Alan Greenspan and current Treasury Secretary Timothy Geithner, as well as former Treasury chief Henry Paulson, says inquiry
New laws and the financial crisis still have investors scared of derivatives
Investor interest in derivatives-based strategies remains cold, as the financial bailout in 2008 and the Dodd-Graham Financial Overhaul Act has kept investors scared.
AIG says Benmosche will stay CEO until 2012
Bob Benmosche will remain as chief executive of bailed-out insurer American International Group Inc for at least another year, having responded very well to treatment for cancer, the company said on Monday.
Pre-market movers on Jan. 21 (GE, AIG, MU, GOOG, SLB, SLE, BAC, BIIB)
The companies whose shares are moving in pre-market trade on Friday are: General Electric, Google, Micron Technology, Sara Lee, American International Group, Schlumberger and Biogen Idec.
Four banks to manage AIG share sale: sources
AIG chose Bank of America Corp , Deutsche Bank AG , Goldman Sachs Group Inc and JPMorgan Chase & Co to manage the sale of the government's 92 percent stake in the insurer, two people familiar with the situation said on Tuesday.
Wage and inflation risks loom after Australia floods
Extensive reconstruction after Australia's floods risks fuelling a wages blow-out, as flooded states and the booming resource sector bid for scarce workers, which will in turn push up inflation and add pressure for a tightening of interest rates.
AIG recapitalization deal closes, share sale looms
The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly.
AIG recapitalization deal closes
The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.
AIG recap deal closes, focus moves to share sale
The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.
AIG, Treasury, Fed complete recapitalization deal
The Treasury on Friday said it completed a massive recapitalization of bailed out insurer American International Group , paying off the New York Federal Reserve Bank and giving the U.S. government a 92 percent equity stake in the company.
Dimon, Gorman, Moynihan pitch for AIG share sale
Some of the top bankers in the United States flocked to a midtown Manhattan law firm on Thursday to make a pitch for managing what could be one of the largest share sales in history -- a secondary offering of potentially $20 billion for bailed-out insurer AIG.
Dimon, Gorman pitch for AIG share sale
Some of the United States' top bankers descended on a law firm in midtown Manhattan on Thursday to pitch for what could be one of the largest share sales in history -- a secondary offering for bailed-out insurer American International Group Inc.
JPM's Dimon, other bankers pitch for AIG share sale
Some of the United States' top bankers descended on a law firm in midtown Manhattan on Thursday to pitch for what could be one of the largest share sales in history -- a secondary offering for bailed out insurer American International Group Inc.
Banks to meet on AIG, recap to close this week
Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury's stake in American International Group, three people familiar with the matter said Wednesday.