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Banks will meet in New York City on 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 on Wednesday.

The S&P 500 Index gained 3.69 points, or 0.29 percent, to trade at 1,278.17 at 9.30 a.m. EDT. The Dow Jones Industrial Average rose 32.93 points, or 0.28 percent, to trade at 11,704.81. The Nasdaq Composite Index advanced 11.50 points, or 0.42 percent, to 2,728.49.

American International Group Inc accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling.

American International Group Inc accepted a $2.16 billion offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex Group, marking the beginning of the end of a over year-long process fraught with delays and political wrangling.

American International Group Inc could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers.

The government will audition bankers to manage a public offering of its stake in insurer American International Group , according to a report on Saturday in the Wall Street Journal.

The recapitalization of bailed-out insurer AIG is likely to close next week, a person familiar with the matter said on Friday, as the company's shares touched fresh highs on news the deal was getting closer.

The recapitalization of bailed-out insurer American International Group Inc is likely to close next week, a person familiar with the matter said on Friday, as AIG shares touched fresh highs on news it was getting closer to the deal.

The recapitalization of bailed-out insurer American International Group Inc is likely to close next week, a personal familiar with the matter said on Friday, as AIG shares touched fresh highs on news it was getting closer to the deal.

Shares in bailed-out insurer American International Group Inc hit their highest level since early October 2008 on Friday after the company took a major step toward closing its recapitalization.

American International Group Inc has agreed in principle to pay $450 million to settle a lawsuit with rival insurance companies over alleged under-reporting of premiums on workers' compensation policies, court documents showed.

American International Group's protracted sale of its Taiwan unit was further complicated on Tuesday when a Taiwanese company proposed buying a stake in the business, an offer that may please regulators but runs counter to AIG's plans.

Shares in American International Group could drop this year as the U.S. government sells stock it owns in the insurer, Barron's reported on Sunday.

Here are the ten best-performing stocks of the S&P 500 for 2010.

Bruce Berkowit, president of Fairholme Capital Management has a huge stake in bailed-out insurance company American International Group (NYSE: AIG) which has just about doubled in price year-to-date (from just under $30 per share to just under $60).

Stocks finished narrowly mixed in very light trading as a monstrous snow storm on the East Coast likely kept many traders home and a rate hike over the weekend by China dampened some investor sentiment.

Bailed-out insurer American International Group took another step toward winding down its U.S. government support on Monday by securing $4.3 billion of bank credit lines, and company shares surged.

Shares of American International Group Inc. (NYSE: AIG) are soundly higher this morning after the company said it entered bank credit facilities totaling $3-billion.

Bailed-out insurer American International Group will pay $100 million in fines in a settlement with all 50 states over reporting errors for premiums on workers' compensation insurance.

The stock market rallied modestly on U.S. mergers and acquisitions (M&A) activities and China’s continued support for European Union’s (EU) sovereign debt market.

The Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters.

The stock market is up slightly as Chesapeake Energy (NYSE:CHK) jumped 8.41 percent and financial stocks rose broadly. However enthusiasm was tempered by the downgrade of American Express (NYSE:AXP).

Richard Holbrooke, a top U.S. diplomat who was a key figure in negotiating peace to end the war in Bosnia 15 years ago, and was the special envoy to Afghanistan and Pakistan, died on Monday.

Bailed-out insurer American International Group Inc took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company's logo back on employee identification cards.

Stocks finished narrowly mixed in lethargic trading as an early jump on a benign jobless claims data faded away on a stronger U.S. dollar and later on news that Democrats in the House voted against considering the tax cut extensions that President Obama negotiated with Republicans.

Insurance giant American International Group has signed a debt repayment deal with Federal Reserve Bank of New York, paving way for the Treasury Department to sell a significant stake in the company early next year.

American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, its Chairman Steve Miller said on Thursday.

Billionaire investor Warren Buffett praised the U.S. government for bailing out Wall Street and saving the U.S. economy during the height of the financial crisis.

Rebalancing will also mean moving focus from the financial sector.