WASHINGTON -- The government says it expects to receive $750 million more from the latest sale of stock held in American International Group. The sales are part of an effort to recoup taxpayer money from the largest bailout of the …
WASHINGTON -- The government's sale of about $18 billion shares of stock in rescued insurance giant American International Group locks in a minimum $12.4-billion profit for taxpayers on one of the most controversial bailouts of the …
Ahead of the long-awaited $9 billion stock offering for American International Group Inc. after the close Tuesday, we figured we’d just have a look at how the shares have performed this year. And it’s ugly. The stock is down some 38% year-to …
(Reuters) - The U.S. government cut its stake in American International Group Inc to about 21.5 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its end. The …
The settlement resolves allegations of AIG's wide-ranging fraud from October 1999 to April 2005 involving anti-competitive market division, accounting violations and stock price manipulation, and brings total expected recovery for AIG …
Bankruptcy would have left all AIG shareholders with worthless stock," a representative of the bank said ... acknowledged that AIG's board has a fiduciary duty to consider the lawsuit. But he also said the company had a choice in 2008 and …
Q: How can my AIG stock aig go from less than $2 a share to nearly $15 a share, and I still didn't make any money? Is this possible? A: It's strange, but true. You've lost money on AIG even though the share price has risen. The reason? …
WASHINGTON -- The government's sale of American International Group Inc., stock will generate an additional $2.7 billion to boost the profit to U.S. taxpayers to $15.1 billion on the insurance giant's bailout, the Treasury Department said …
NEW YORK (AP) — Former American International Group Inc. CEO Maurice "Hank" Greenberg is selling the shares he still owns of the insurer to UBS Securities LLC for $278 million. Starr International, which Greenberg owns, will sell 10 …