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.
Reuters UK (Free subscription) | 19/11/2008
NEW YORK (Reuters) - American International Group Inc , the insurer getting a $152 billion federal bailout, in a regulatory filing late on Tuesday disclosed it would pay roughly $3 million to several executives under deferred compensation plans that are being terminated.
Market Watch (Free subscription) | 18/11/2008
SAN FRANCISCO (MarketWatch) -- New York Attorney General Andrew Cuomo told American International Group Inc. in a letter Tuesday that the insurer should be "completely transparent with taxpayers" on executive compensation given the more than $150 billion AIG has received from the government. Cuomo said that top executives should "shoulder their fair share of these difficult economic times," and that...
Detroit Free Press (Free subscription) | 16/11/2008
The revised bailout of American International Group Inc. marks a new phase in the government's effort to shore up financial markets: It's the first time cash from the rescue fund Congress created last month has been committed to a failing company.
Don't Mess With Taxes (Free subscription) | 15/11/2008
Life can be funny. And sad. And infuriating. And just downright wrong. All of those apply to the financial situation of American International Group Inc., better known by its initials AIG. We're all too familiar with the recent $150 billion federal bailout of the insurance giant. After the money was forked over, the fun revelations...
Times of the Internet (Free subscription) | 15/11/2008
NEW YORK, Nov. 15 (UPI) -- American International Group Inc. says it will distribute $503 million in deferred compensation to its employees, removing an incentive for them to quit. In a statement released Friday, the troubled New York insurance giant said the payments to about 6,200 of its employees comes from its deferred-compensation programs, and were meant to be disbursed to employees when they...
New York Post (Free subscription) | 15/11/2008
Neel Kashkari, who oversees the Treasury's $700 billion financial rescue plan, came under fire at a congressional hearing yesterday, notably by Maryland Democrat Elijah Cummings. Cummings was angry about reports American International Group Inc...
Market Watch (Free subscription) | 14/11/2008
SAN FRANCISCO (MarketWatch) -- American International Group Inc. said Friday it will end voluntary deferred-compensation programs for 5,600 employees. As a result, AIG will pay out about $500 million in earned, but deferred, pay in the first quarter. AIG said it decided to end the programs so employees in financial straits can get the deferred pay without having to leave the company. Market Pulse...
TaxProf Blog (Free subscription) | 14/11/2008
Wall Street Journal: AIG's Tax Dispute With U.S. Has Twist of Irony, by Jesse Drucker: American International Group Inc. is in a battle with the Internal Revenue Service over $329 million in back taxes and penalties in part stemming from...
Business Wire (Free subscription) | 14/11/2008
CHICAGO & LONDON--(BUSINESS WIRE)--Fitch Ratings has today affirmed national scale Insurer Financial Strength (IFS) ratings on American International Group Inc.'s (AIG) international
Reuters UK (Free subscription) | 13/11/2008
chief executive of American International Group Inc for
Salt Lake Tribune (Free subscription) | 12/11/2008
American International Group Inc. on Tuesday defended itself against a media report of a sales meeting held at a luxury resort in Phoenix last week, saying the event was an ''essential training meeting.
New York Newsday (Free subscription) | 11/11/2008
American International Group Inc. on Tuesday defended itself against a media report of a sales meeting held at a luxury resort in Phoenix last week, saying the event was an "essential training meeting."
Seattle Times (Free subscription) | 11/11/2008
American International Group Inc. on Tuesday defended itself against a media report of a sales meeting held at a luxury resort in Phoenix last week, saying the event was an "essential training meeting."
