American International Group News

American International Group Inc. said it paid a $47 million severance package to former Chief Executive Martin J. Sullivan, whose resignation took effect Tuesday.

June 27, 2008 Friday 09:32 AM EST SECTION: NEWS & ANALYSIS; Insurance LENGTH: 129 words HEADLINE: AIG Absorbing $5 Billion in Losses BYLINE: TSC Staff.

Federal prosecutors have dropped criminal charges against a former executive at AIG Global Investment in connection with a supposed scheme to bribe Azerbaijan officials over the privatization of the State Oil ...

Dow's bear market run spells trouble for Wall St. COMMENT By Ellis Mnyandu Reuters Wednesday, July 2, 2008; 6:49 PM NEW YORK - With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street ...

The bill for securitization of credit and the meltdown of subprime mortgages and other collateralized debt obligations ratchets up to $500 billion.

UTStarcom Inc. agreed to sell its "personal communications" division, which sells phone handsets, to a unit of AIG Investments for about $240 million.

Stocks rose on Monday as record crude oil prices lifted energy shares on the final trading day of the month and the second quarter, offsetting a financial sector sell-off on fears of further credit losses.

The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil boosted energy shares, offsetting weak financial stocks amid nagging concerns of further credit ...

Repeating a pattern of larger than previously announced writeoffs prevalent in the entire financial sector, AIG to Absorb $5 Billion Loss on Securities Lending .

AMERICAN International Group Inc plans to absorb losses for a dozen insurance units after their securities-lending accounts suffered US$13 billion of writedowns tied to the subprime-mortgage collapse during the ...

American International Group Inc. could assume as much as $5 billion in losses on the sale of assets its subsidiaries purchased with collateral obtained from securities lending, Bloomberg News reported June 27, ...

American International Group Inc., the world's largest insurer by assets, said its aircraft-leasing unit won't be sold off as the parent company tries to recover from back-to-back quarterly losses.

New Delhi, June 25 : Infrastructure developer GMR Wednesday announced it has acquired a 50 percent stake in Dutch power utility InterGen NV for $1.1 billion.

Wall Street analysts who only weeks ago were telling investors to buy bank stocks because the worst of the credit crisis was over are now flip-flopping. Goldman Sachs Group Inc.

Stocks were expected to open lower Monday as the price of oil spiked higher again, and the financial crisis created more headlines to worry investors.

Willumstad confirmed through a spokesman that he met with Greenberg on June 19, and described the meeting as "positive," but declined to comment further.

RUNNING an insurance company turns out to be at least as hard as managing a securities firm.

Insurers are developing new ways to help commercial customers adapt to emerging climate change risks, a panel of experts said today.

American International Group Inc. 's new leader Robert Willumstad is scheduled to meet today with Maurice ``Hank'' Greenberg , who built AIG into the world's largest insurer and helped force out Willumstad's ...

Stocks were little changed on Thursday, with the Dow hovering around the 12,000 level, after a regional report on factory activity fell more than expected, raising doubts about the economy's health.