Nikkei (Free subscription) | 5 hours ago
AIG's Negotiations To Sell Assets Picking Up Steam WorldwideTOKYO (Nikkei)--American International Group appears to be making progress worldwide with negotiations for the sale of its assets, part of efforts to shore up its finances and start restructuring.
InformedTrades (Free subscription) | yesterday
retheauditors said: But the lousy auditors soldier on $AIG $FNM $GE $FRE $GM $F Northern Rock rt @WSJ Directors Quit As Firms Flounder...
In Paulson We Trust (Free subscription) | yesterday
China’s largest Sovereign fund (CIC) is reportedly in talks to acquire a stake in AIG’s American Life Insurance Company. The fund would lead a consortium of investors that includes Chinese Insurance companies. CIC was burned badly on investments it made previously in Morgan Stanley and the Blackstone group. However, this life insurance unit of AIG [...]
Mondo Visione (Free subscription) | 20/11/2008
The Dow Jones-AIG Commodity Index was down -7.75% for the month of November. The Dow Jones-AIG Single Commodity Indexes for Zinc, Gold and Lean Hogs had the strongest gains with month-to-date returns of 4.67%, 2.28% and 1.34%, respectively. The three most significant downside performing single commodity indexes were Unleaded Gas, Crude Oil and Lead, which were down -25.28%, -21.00% and -18.92% respectively,...
Blue Jersey: Covering NJ like a rug (Free subscription) | yesterday
... transportation agencies educating Congress about an outgrowth of the failure of mega-insurer AIG. About $150 million to $200 million worth of NJ Transit's trains, buses, light rail cars and maintenance garages were financed through a "lease-buyback" program that involved banks putting up the cash and NJT paying it back through a Triple-A rated insurer, which was AIG According to the Tax Foundation...
Crunchy Con (Free subscription) | yesterday
Sean Scallon at the American Conservative wants to know: So people are holding it against the execs of the Big Three because they all flew their Lear jets to D.C. O.K. but then please explain to me why AIG execs...
Nikkei (Free subscription) | yesterday
AIG Declines To Comment On Reported Talks With CICTOKYO (Nikkei)--An American International Group spokesman on Friday declined to comment on reported discussions between AIG and China Investment Corp. (CIC) over the possible sale of American Life Insurance Co. (Alico), an AIG unit.
California Progress Report (Free subscription) | yesterday
By Judy Dugan Research Director Consumer Watchdog Do you wonder what the insurance giant AIG is doing with its $150 billion-with-a-b in taxpayer bailout money? Well, this is what showed up in my mailbox today. Thick cardboard stock, high-gloss finish, about 8x10 and cut out in pretty, ocean-y shapes....
SeekingAlpha.com (Free subscription) | yesterday
... and declare the government’s commitment to saving financial institutions. To prevent another AIG-style situation, the government should ensure the stability of insurance and annuities. The government should issue tax credits for those buying homes and reform TARP so banks are not penalized for taking aid. Freddie Mac and Fannie Mae’s bonds should be insured so the companies can function Collateralized...
The Street (Free subscription) | yesterday
A consortium led by sovereign wealth fund China Investment Corp. is negotiating with AIG to buy a stake of up to 49% in unit Alico, a report says.
Stockpreacher Penny Stock Blog (Free subscription) | 20/11/2008
The Federal Reserve increased support for international insurer American International Group Inc to $150B today after an initial rescue attempt failed to stop huge losses. The new plan adds $27 billion more to the rescue package. AIG shares rose 24 percent to $2.62 in pre-market action.
NewsBusters (Free subscription) | 20/11/2008
The media's outrage over AIG's most recent conference at a resort in Phoenix - after being bailed out by the federal government - has led politicians to call for more oversight of the company and its spending. But according to entrepreneur and Business & Media Institute columnist Dan Kennedy, the outrage is misplaced . But the furious news segments glossed over the fact that the company's conference...
TODAY ON VOT3R - Politics STORIES (Free subscription) | yesterday
We have all followed the saga of the bailout for the banks and now the bailout for the auto industry. NJ Transit isn't seeking a bailout, but they are seeking backing from the government so that they don't go into default: NJ Transit's executive director, Richard Sarles, also joined the leaders of nearly...
Market Watch (Free subscription) | yesterday
... a pathway for additional investments and joint business participation between Chinese insurers and AIG, the report said. AIG is considering a stake sale with the caveat that it retains control of more than 50% of the voting rights in the firm. The 49% stake in Alico may cost the Chinese insurers between $500 billion yen ($5.3 billion) to 1 trillion yen, the report said. Market Pulse Stories are...
Nikkei (Free subscription) | 20/11/2008
AIG To Speed Up Efforts To Unload 2 Japanese SubsidiariesTOKYO (Nikkei)--American International Group is expected to accelerate efforts to sell two Japanese subsidiaries now that it has entered negotiations to sell a stake in unit American Life Insurance Co., or Alico, to a consortium led by a Chinese sovereign wealth fund.
