government shares News

AIG Has 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. As of year-end, AIG had what is known …

AIG Recapitalization Deal Closes

The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing Friday about how soon that might happen, with at least one …