September 27, 2010
American International Group Inc. and the U.S. government are moving closer to a deal on how the Treasury Department would exit its investment in the bailed-out insurer, sources familiar with the situation said on Sunday. The situation, however, is still …
September 15, 2010
American International Group Inc.’s talks with the U.S. Treasury Department over repayment of bailout funds have advanced past initial discussions, a source familiar with the matter said. A possible conversion of the Treasury’s $49 billion preferred stake in AIG into …
August 13, 2010
American International Group Inc, already a big headache for taxpayers, could leave its shareholders with a migraine. AIG, which is nearly 80 percent owned by the U.S. government, owes taxpayers more than $100 billion. That along with other debt makes …
August 12, 2010
American International Group Inc is selling most of its consumer finance unit to Fortress Investment Group at a deep discount and will recognize a $1.9 billion pretax loss as a result. AIG, majority owned by the U.S. government, said Wednesday …
August 6, 2010
American International Group Inc. reported better-than-expected quarterly results Friday and said it had started talks on disentangling itself from the U.S. government, sending its shares up 3.6 percent in premarket trading. The insurer, which is nearly 80 percent-owned by the …
July 19, 2010
American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history. AIG, which is nearly 80 percent …
July 15, 2010
American International Group named director Robert “Steve” Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the insurer’s Asian life unit. “Bob Benmosche has informed the board …
July 13, 2010
The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA, …
July 13, 2010
Aon Corp. will spend $4.9 billion to buy Hewitt Associates Inc., in an aggressive bid to leapfrog archrival Marsh and McLennan and create the world’s largest human resource services company. Aon, in its largest-ever deal, would issue 64 million shares …
July 2, 2010
American International Group Inc. Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company’s Asian life unit, have agreed to work out their differences, a source familiar with the situation said Thursday. AIG’s …