The Earth Times Online Newspaper (Free subscription) | 4 hours ago
NEW YORK (Reuters) - International Lease Finance Corp, a unit of American International Group , is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter.
Reuters (Free subscription) | 4 hours ago
NEW YORK (Reuters) - International Lease Finance Corp, a unit of American International Group , is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter.
Law Blog - WSJ.com (Free subscription) | 6 hours ago
One of AIG's most-profitable units, an airplane-leasing giant run by one of the insurer's largest shareholders, is considering a split from the company as concerns mount that it will be weakened by its parent's financial woes.
Market Watch (Free subscription) | yesterday
The Starr Foundation, headed by American International Group Inc.'s former chief executive Hank Greenberg, has filed a lawsuit against AIG, according to a published report.
Seeking Alpha (Free subscription) | yesterday
Tom Brown submits: Our Financial Winners & Losers for the week: Winners We've stopped counting the ways that BlackRock (BLK) has prospered from the credit crunch. The latest: the company will buy $20 billion in subprime assets from UBS (UBS) at a steep discount. Larry Fink is pleased. . . . Complete Story »
Reuters UK (Free subscription) | 3 hours ago
NEW YORK (Reuters) - International Lease Finance, a unit of American International Group , is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter.
Financial Time (Free subscription) | yesterday
Last year, Martin Sullivan, chief executive of American International Group, said the giant insurer would probably never have to take any actual losses on its credit default swap portfolio. Last week, AIG took a $9.1bn writedown on the value of swaps it had sold to insure investors against defaulting debt and said actual losses could be $1.25bn.EDITOR’S CHOICE - May-09- May-09 - May-09 - May-04...
The Independent (Free subscription) | yesterday
AIG, the insurance giant, and investment firm Global Infrastructure Partners are circling Prague airport, which is due to be auctioned for around €3bn (£2.4bn) at the end of the year. The duo want to top up their aviation assets, which currently include London City airport. They are also in the running for Southend airport, which has shortlisted seven bidders. An aviation source confirmed: "London...
Business Week (Free subscription) | 05/10/2008
The insurance giant's far larger-than-expected first-quarter loss rouses investor ire and renews fears the credit crisis may still have a way to go.
Sox First (Free subscription) | 05/10/2008
AIG , in combination with the soaring oil price, managed to drag down the US market after it posted a first quarter loss of $7.8 billion on the back of the mortgage-related downturn. And the reality is that they don't know whether they've hit the bottom. AIG is raising $12.5 billion in capital for one reason: to prop up its balance sheet and that's a real indictment of the company. The reality is...
Crikey Politics Etc RSS (Free subscription) | 10 hours ago
Julia Gillard's first task as Deputy Prime Minister back in December was to address the Australian Industry Group. Since then, the AIG's CEO Heather Ridout has scored a number of important Government gigs, writes Bernard Keane .
Raw Story (Free subscription) | yesterday
May 10 -- U.S. stocks had the first weekly drop in a month after new disclosure requirements for investment banks and American International Group Inc.'s need to raise $12.5 billion spurred concern of further losses for financial firms.
New Zealand Herald (Free subscription) | 05/10/2008
Stocks in the US fell yesterday as the price of oil set another record and concerns about the financial sector flared up again after American International Group (AIG) reported a massive loss. The world's largest insurer wrote...
Inbox Robot: Swiss Reinsurance News (Free subscription) | 05/10/2008
... couple of announcements, be it AIG after the bell yesterday or Allianz today or Swiss Re the day before, showing the aftermath of the financial crisis is still to show ...
Deseret Morning News (Free subscription) | 05/10/2008
Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices.
