News on American International Group Inc.

Taiwan aims to rule on AIG unit's deal by June

2010-03-11T00:16:42Z

<div><p>Taiwan aims to make a decision by the end of June on the controversial sale of the local unit of American International Group (AIG) to a Hong Kong consortium, a top economic official said Thursday.</p><p>Deputy economic minister Hwang Jung-chiou also told a parliamentary brie...

AIG aircraft unit debt offering has strength

2010-03-10T11:00:22Z

<div id="subtitle">AIG aircraft unit's loan sales garner demand; to provide add'l funding ahead of possible sale</div><div><p>International Lease Finance Corp., the aircraft-leasing unit of American International Group Inc., is looking to raise $1.3 billion in loan of...

Citi, AIG, leap with other bailed-out firms

2010-03-10T10:00:10Z

<div><p>NEW YORK (Reuters) - Shares in several big financial companies bailed out by the U.S. government rose on Wednesday on what analysts said were momentum bets and short-covering on hopes the entities were on the road to recovery.</p><p>The run-up that built on Tuesday gains coincided with speculation that regulators might consider banning short-...

AIG devises new formula for employee bonuses: report

2010-03-10T06:16:41Z

<div><p>(Reuters) - American International Group Inc <AIG.N> has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.</p>...

Shares of bailed out companies surge

2010-03-09T18:45:36Z

<div id="subtitle">Bailed out companies see shares rise on hopes that government rescues could be winding down</div><div><p>Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow.</p><p>Shares of Citi rose 26 cents, or 7.3 percent, to c...

Bailed-out U.S. financial stocks surge

2010-03-09T15:45:17Z

<div><p>NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery.</p><p>Citigroup Inc <C.N> stock rose as much as 8.4 percent after a prominent fund manager said the bank's shares w...

AIG Subsidiaries Resolve Allegations of Lending Discrimination

2010-03-09T00:15:42Z

<div id="subtitle">Lenders accountable for higher broker fees charged to minority borrowers</div><div><p>Two subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black borrowers.</p><p>Brought under the federal Fair Housing and Eq...

Insurance deals boost 2010 M&A activity

2010-03-08T15:33:09Z

<div id="subtitle">AIG deals with insurers take No. 1 and No. 5 spots so far in 2010 globally, says Dealogic</div><div><p>The pace of mergers and acquisitions is gaining speed in 2010 thanks to American International Group Inc.</p><p>MetLif...

Summary Box: AIG's $15.5B Alico sale to MetLife

2010-03-08T15:32:30Z

<div id="subtitle">Summary Box: AIG sells Alico to MetLife for $15.5B in ongoing bid to payback government</div><div><p>THE SALE: American International Group Inc. sold its America...

Stocks trade flat after more corporate dealmaking

2010-03-08T15:01:22Z

<div id="subtitle">Stocks end mixed after corporate dealmaking boosts financials; health care stocks fall</div><div><p>Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy.</p><p>Financial shares rose after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to Alico to MetLife for $15.5B in ongoing bid to payback government</div><div><p>American International Group Inc. said Monday that it will sell its Ameri...

MetLife seals Alico deal after two-year quest

2010-03-08T13:30:23Z

<div><p>NEW YORK (Reuters) - MetLife Inc <MET.N> pursued AIG's <AIG.N> foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Banglad...

AIG's Greenberg to testify Wednesday on Gen Re

2010-03-08T10:00:20Z

<div><p>NEW YORK (Reuters) - Maurice "Hank" Greenberg, the former chief executive of American International Group Inc <AIG.N>, will testify on Wednesday over a sham transaction involving the insurer and a unit of

US insurer MetLife to buy AIG unit for $15.5 bln

2010-03-08T07:01:00Z

<div><p>US life insurance giant MetLife will acquire a unit of American International Group in a 15.5-billion-dollar deal that will help AIG pay back part of its government bailout, the firms said Monday.</p><p>MetLife will take over MetLife will acquire a unit of American International Group in a 15.5-billion-dollar deal that will help AIG pay back part of its government bailout, the firms said Monday.</p><p>MetLife will take over New York. American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, March 8, 2010, as it attempts to repay billions in government aid.(A...

AIG set for $15.5 bln deal with MetLife: report

2010-03-08T02:15:48Z

<div><p>US insurance giants American International Group and MetLife will on Monday announce a $15.5 billion deal for AIG's second-largest foreign life-insurance business, The Wall Street Journal reported.</p><p>The complex deal would leave

AIG set for big deal with MetLife: report

2010-03-08T02:15:47Z

<div><p>US insurance giants American International Group and MetLife will announce a 15.5-billion-dollar deal Monday for AIG's second-largest foreign life-insurance business, The Wall Street Journal reported.</p><p>The complex deal would leave ...

AIG to get $231M if sale of Asian unit crumbles

2010-03-06T09:45:36Z

<div id="subtitle">AIG to receive $231M termination fee if sale of Asian life insurance unit to Prudential fails</div><div><p>American International Group Inc. will receive a termination fee of $230.6 million if the sale of its Asian life insurance business to Britain's Reuters) - Britain's Prudential Plc <PRU.L> may quit some countries in Asia should it seal a $35.5 billion buy of American In...