American International Group (AIG) Inc Agrees to Sell Taiwan Life Insurance Unit to Investor Group Led by Primus Financial Holdings Ltd for USD 2.15B
Bank of America Corp to Waive Attorney-Client Privilege and Turn Over Merill Lynch & Co Legal Advice Documentation to New York Attorney General
Vanda Pharmaceuticals Inc to Partner with Novartis AG to Develop [...]
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Also tagged AIG Taiwan Life Insurance Unit, American International Group, Bank of America, Germany’s Investor Confidence Index, Merill Lynch, Novartis, Overnight Market News, Overnight Markets, Primus Financial Holdings, Royal Bank of Scotland Group, Royal Bank of Scotland Singapore, Schizophrenia Drug, Vanda Pharmaceuticals
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American International Group (AIG) Inc. has had its ratings cut left, right and center after its recent rally. AIG, which recently closed above US$50 for the first time after plunging to a low of US$7 in March 2009 (from over US$400 back in September, 2008), was slammed with back-to-back downgrades this week.
Yesterday, Wells Fargo & [...]
After surviving a tough few years, American International Group (AIG) seems to be back on the right track. The U.S. insurer reported second quarter net income of US$1.82B or US$2.30 per share, its first profit following six back-to-back quarterly losses.
The results are a stark improvement from the net loss of US$5.36B or an adjusted US$41.13 [...]
Bank of England Holds Benchmark Interest Rate at 0.5% for Fourth Consecutive Month
American International Group Inc (AIG) Revives Talks with Rival MetLife Inc Over Sale of American Life Insurance Co (Alico)
China’s Passenger Car Vehicle Sales Jump 48% to 873k Units in June from May on More Government Stimulus Spending, Biggest Increase Since February 2006
Costco Wholesale [...]
AIG Announces Divestment of 2 Life Insurance Units to Reduce Debt to Federal Reserve Bank of New York by USD 25B, Units Positioned for IPOs
IMF Sees Ireland’s Economy Contracting 13.5% Between 2008 and 2010, Irish Banks Likely to Face Losses of Up to EUR 35B Through 2010
BP Plc Appoints Ericsson CEO Carl-Henric Svanberg as New [...]
World Bank Upgrades China’s 2009 Growth Forecast to 7.2%, Says Stimulus Sufficient
AIG Chooses Deutsche Bank, Morgan Stanley as Joint Coordinators for USD 4B IPO of Asian Life Insurance Unit
British Chamber of Commerce Sees 3.8% Contraction in UK Economy This Year, Separate Report Shows Retail Sales Fell 0.6% in May Over April
Swiss National Bank Leaves Key [...]
- AIG Plans IPO for Asian Subsidiary
- Lowe’s Companies, Inc Profits Exceed Estimates
- Volkswagen Suspends Porsche Talks stating “the atmosphere is not a constructive one”
AIG to Seek Asian Subsidiary IPO, Could Raise Over USD 4B
Japan’s AAA Foreign Currency Debt Rating Cut to Aa2 by Moody’s
Volkswagen Stops Tie-up Talks with Porsche as Not Ready for Merger
Europe’s Largest Papermaker, Stora Enso Oyj and Chile’s Celulosa Arauco y Constitucion SA to Purchase USD 344mm of Uruguayan Forest
Second-Biggest Home Improvement Retailer, Lowe’s Record’s [...]
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Also tagged Brazil Bovespa, Crude Oil, Dow Jones Industrial, Ethanol, Financial Markets News, Hong Kong Hang Seng, Indian Stocks, Japan Nikkei, London FTSE, Lowe's, Market News, Natural Gas Price, Overnight Market News, Stora Enso Oyj, Volswagen
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Federal Reserve Chairman Ben Bernanke told Congressional lawmakers today, that he tried to prevent American International Group (AIG) from paying out lavish bonuses, and even asked that the company be sued to halt the payments … but that he was advised against it.
At a tense House Financial Services Committee hearing this morning, Bernanke told lawmakers [...]