American International Group NewsNews on American International Group continually updated from thousands of sources around the net.AIG Absorbs $5 Billion Securities Lending Loss- June 29, 2008 Repeating a pattern of larger than previously announced writeoffs prevalent in the entire financial sector, AIG to Absorb $5 Billion Loss on Securities Lending .http://www.topix.net/com/aig/2008/06/aig-absorbs-5-billion-securities-lending-loss?fromrss... AIG set to assume US$5b in losses- June 28, 2008 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 ...http://www.topix.net/com/aig/2008/06/aig-set-to-assume-us-5b-in-losses?fromrss=1 Report: AIG sees up to $5 billion in losses on securities lending- June 27, 2008 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, ...http://www.topix.net/com/aig/2008/06/report-aig-sees-up-to-5-billion-in-losses-on-securiti... AIG Won't Sell Off Aircraft-Leasing Business as It Reviews All Operations- June 27, 2008 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.http://www.topix.net/com/aig/2008/06/aig-wont-sell-off-aircraft-leasing-business-as-it-rev... GMR acquires 50 percent in Dutch firm for USD 1 bn- June 25, 2008 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.http://www.topix.net/com/aig/2008/06/gmr-acquires-50-percent-in-dutch-firm-for-usd-1-bn?fr... Analysts Backtrack on Banking Stocks Two Weeks After Saying Worst Is Over- June 25, 2008 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.http://www.topix.net/com/aig/2008/06/analysts-backtrack-on-banking-stocks-two-weeks-after-... Stocks to Open Lower- June 23, 2008 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.http://www.topix.net/com/aig/2008/06/stocks-to-open-lower?fromrss=1 BestWeek: After the Fall, Fence Mending at AIG- June 21, 2008 Willumstad confirmed through a spokesman that he met with Greenberg on June 19, and described the meeting as "positive," but declined to comment further.http://www.topix.net/com/aig/2008/06/bestweek-after-the-fall-fence-mending-at-aig?fromrss=... CEOs pay price for corporate failures- June 21, 2008 RUNNING an insurance company turns out to be at least as hard as managing a securities firm.http://www.topix.net/com/aig/2008/06/ceos-pay-price-for-corporate-failures?fromrss=1 Insurers Broaden Coverage for Climate Change Risks- June 20, 2008 Insurers are developing new ways to help commercial customers adapt to emerging climate change risks, a panel of experts said today.http://www.topix.net/com/aig/2008/06/insurers-broaden-coverage-for-climate-change-risks?fr... |