Shares of American International Group Inc fell 4% on Wednesday as investors recognized that the US government's exit from the insurer could take a long time. Shares of American International Group Inc fell 4% on Wednesday as …
Lagos — Eight council members of the Nigerian Stock Exchange, NSE, have completed their tenure in office and have retired from the exchange. This is even as Mr. Aigboje Aig-Imoukhuede bowed out as President of the exchange after …
The price represents a 7.9 percent discount to the stock's last close. AIG Chief Executive Officer Peter Hancock, under pressure from activist investors John Paulson and Carl Icahn to boost returns and simplify operations, announced in …
NEW YORK The government will wind down its largest and most complex rescue from the 2008 financial crisis, a $182 billion package to save insurer AIG, by selling stock over the next two years. The plan could net taxpayers billions in …
Some N.C. members of Congress have more than a typical stake in the health of the financial services industry. Most notable are Rep. Robin Hayes, a Concord Republican, and Sen. Elizabeth Dole, R-N.C., who have substantial personal …
NEW YORK - The U.S. Treasury plans to sell about one-fifth of insurer AIG through a stock offering in the first half of 2011, an important test of the government's ability to profitably exit one of its most controversial bailouts. American …
up to $500 million in shares in PICC Property and Casualty Co Ltd., IFR reported, citing a term sheet for the deal. AIG is offering 254 million shares of PICC in an indicative price range of HK$15.00 to HK$15.48 each, putting the total deal at …
According to the New York Times however, the company only made $1.6 billion in actual operating profits. “…it quickly became clear that $17.7 billion of that profit was pure fantasy — a tax benefit, er, gift, from the United States …
WASHINGTON — Some N.C. members of Congress have more than a typical stake in the health of the financial services industry. Most notable are Rep. Robin Hayes, a Concord Republican, and Sen. Elizabeth Dole, R-N.C., who have …