Eager to show taxpayers it intends to deliver and repay the $182.3 billion bailout it received during the financial crisis, insurance giant American International Group (AIG) announced that it has raised nearly $37 billion to repay the U.S. government….
AIA shares soared in Hong Kong today on its first day of trading.
Continue reading AIA Hong Kong IPO Soars 17% — an AIG Win
AIA Hong Kong IPO Soars 17% — an AIG Win originally appeared on Daily…
The U.S. government’s bailout has been less than effective in helping U.S. homeowners avoid foreclosure and could end up costing more than expected, according to a report from the Troubled Asset Relief Program’s special inspect…
AIG (AIG) said that CEO Robert Benmosche has cancer and is undergoing aggressive chemotherapy.
“The good news is that I feel fine, and I continue to work according to my normal schedule,” Benmosche said in a statement. “I remain absolutely committed to my job, to AIG, and to all of our stakeholders.”
Benmosche said that he would have “a better idea” of his long-term prognosis over…
Continue reading AIG Says CEO Benmosche Has Cancer
AIG Says CEO Benmosche Has Cancer originally appeared on DailyFinance on Tue, 26 Oct 2010 06:26:00.
Filed Under: Company News, People, American International Group, Insurance
New York’s highest court just gave a big gift to accountants, lawyers, and any other outside professional in a position to detect fraud at one of their corporate clients: The court ruled that shareholders still can’t sue them f…