American International Group NewsNews on American International Group continually updated from thousands of sources around the net.HCC Appoints Thomas Kaiser President of Houston Casualty Company and USSIC- July 7, 2008 HCC Insurance Holdings, Inc. announced today that Thomas G. Kaiser has been named President of its Houston Casualty Company and U.S. Specialty Insurance Company subsidiaries.http://www.topix.net/com/aig/2008/07/hcc-appoints-thomas-kaiser-president-of-houston-casua... AIG Pays Former CEO Sullivan $47 Million Severance Package- July 6, 2008 American International Group Inc. said it paid a $47 million severance package to former Chief Executive Martin J. Sullivan, whose resignation took effect Tuesday.http://www.topix.net/com/aig/2008/07/aig-pays-former-ceo-sullivan-47-million-severance-pac... AIG Absorbing $5 Billion in LossesLoading...- July 5, 2008 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.http://www.topix.net/com/aig/2008/07/aig-absorbing-5-billion-in-lossesloading?fromrss=1 Charges Against Ex-A.I.G. Executive Dropped- July 4, 2008 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 ...http://www.topix.net/com/aig/2008/07/charges-against-ex-a-i-g-executive-dropped?fromrss=1 Dow's bear market run spells trouble for Wall St.- July 3, 2008 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 ...http://www.topix.net/com/aig/2008/07/dows-bear-market-run-spells-trouble-for-wall-st?fromr... The Worst Ain't Over- July 2, 2008 The bill for securitization of credit and the meltdown of subprime mortgages and other collateralized debt obligations ratchets up to $500 billion.http://www.topix.net/com/aig/2008/07/the-worst-aint-over?fromrss=1 UTStarcom to sell handset business to AIG for $240 million- July 1, 2008 UTStarcom Inc. agreed to sell its "personal communications" division, which sells phone handsets, to a unit of AIG Investments for about $240 million.http://www.topix.net/com/aig/2008/07/utstarcom-to-sell-handset-business-to-aig-for-240-mil... Energy sector leads stocks up as oil hits record- July 1, 2008 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.http://www.topix.net/com/aig/2008/07/energy-sector-leads-stocks-up-as-oil-hits-record?from... Dow Suffers Worst First Half Since the 70s- July 1, 2008 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 ...http://www.topix.net/com/aig/2008/06/dow-suffers-worst-first-half-since-the-70s?fromrss=1 |