Most thought it was a good idea but nobody said it would be easy. When American International Group (AIG) announced it was going to separate and rebrand its U.S. and foreign insurance operations as an independent entity using the name …
American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said Monday. A …
American International Group’s property/casualty division is moving swiftly to break ties with its parent company, setting itself up to be a stand-alone company, said AIG Chief Executive Edward Liddy. But the name the spun-off company will go by is still …
Federal investigators are focusing their attention on three employees at American International Group Inc.’s financial products unit amid a probe into derivatives contracts that nearly destroyed the insurance giant, according to a report in The Wall Street Journal. In a …
American International Group Chief Executive Edward Liddy is inching toward several more asset sales, has plans for a trio of initial public offerings, and expects the financial products unit to be a much smaller problem by year-end. Unlike the growth …
Corporate America’s reputation plunged in the eyes of average Americans last year, as the rush of companies to Washington for financial support soured popular support for big business. Eighty-eight percent of respondents in a survey said business’s reputation was either …
AIG’s near collapse is a credit-crunch case study in how Europe can improve supervision of big cross-border insurers, a top EU market regulator said on Monday. The American insurer has received nearly $180 billion in government funds to prevent a …
A former General Re senior vice president faces sentencing for his role in an accounting fraud scandal that artificially inflated the stock price of insurer American International Group Inc. Robert Graham is scheduled to be sentenced Thursday in federal court …
When corporations want to borrow large sums of money they usually rely on selling bonds. Introductory college finance courses always include a chapter covering interest rates and bonds. So, much of the information I provide below is well known even …
American International Group Inc. (AIG) named Matthew E. Winter, 52, AIG senior vice president, president and CEO of American General Life Cos., has been named vice chairman, Transition Planning and Administration, reporting to AIG Chairman and CEO Edward M. Liddy. …
