Wednesday, April 7, 2010 as of 11:14 AM ET
American International Group, Inc. () or AIG is an American multinational insurance corporation. Its corporate headquarters is reported as 180 Maiden Lane in New York City.
Read More at Wikipedia ›Industry
Date Founded
Founders
Asia's richest man laid out his succession plans Friday, putting his older son at the helm of his business empire and promising his younger son funding to embark on new investments.
Li, the 83-year-old owner of Hong Kong's biggest supermarket chain and with assets globally in telecom, oil and real estate, remains actively involved in the operations of his flagship blue-chip companies. On Friday he said he had no plans to retire anytime soon, but sought to put to rest frequent media speculation in the city on the future of his multi-billion dollar companies. His net worth was estimated at US$25.5 billion, according to Forbes Magazine, making him the world's ninth richest person.The tycoon, well-respected locally for his business acumen and whose views on the Hong Kong economy are closely followed by retail stock investors, said he is making the succession arrangements so the brothers "wouldn't have conflict" over his business interests."Victor will manage the Cheung Kong Group assets," L...The Federal Reserve Bank of New York said Thursday it postponed a planned auction of $1.67 billion in complex mortgage-linked bonds from the bailout of American Inte...
The Federal Reserve Bank of New York on Thursday said it postponed a planned auction of $1.67 billion of mortgage collateralized debt obligations from its Maiden Lan...
American International Group Inc. (AIG) Chief Executive Robert Benmosche said the company will sell its remaining shares of Asian life insurer AIA Group Ltd. (1299.H...
Bailed-out insurer American International Group Inc (NYSE:AIG) will sell its shares in Asian insurer AIA Group Ltd after a lock-up period expires in early September,...
Did GM (NYSE:GM) just pop the Facebook bubble? Though the announcement that the auto giant will pull its paid advertising from Facebook is unlikely to seriously unde...
FBN’s Liz MacDonald discusses the persecution of J.P. Morgan and the loopholes in financial legislation.
Former UBS Chairman Joe Grano on J.P. Morgan’s losses and whether regulations would have prevented it.
40% supportTAMPA -(Dow Jones)- J.P. Morgan Chase & Co.'s (JPM) annual shareholder meeting held in Tampa came and went with few sparks Tuesday, despite the bank's $2 ...
President Barack Obama talked about the $2 billion "hedging" loss at JPMorgan Chase on ABC's "The View" this morning.The president held up his silver sheriff's badge...
J.P. Morgan Chase & Co. (JPM) Chief Executive James Dimon told shareholders Tuesday the trades that led to $2 billion in losses at the bank were "flawed, complex, po...
Investors who aren't content with opportunities in emerging markets are now turning to "emerging emerging markets," known as frontier markets.Frontier markets, which...
The Federal Reserve Bank of New York on Friday said it asked Wall Street dealers to bid on eight complex mortgage assets with face value of about $2.4 billion this m...
'A Nation of Moochers' author Charles J. Sykes weighs in on America's welfare state.
State-owned People's Insurance Co. (Group) of China Ltd. has asked banks that are pitching to underwrite its US$6 billion initial public offering to guarantee that t...
Chandon Economics president Sam Chandon weighs in on the state of the housing market.
Credit Suisse (CSGN.VX, CS) on Tuesday won the latest sale of complex debt securities from the Federal Reserve Bank of New York, according to the New York Fed's webs...
Corporate bonds underwent a decent rebound Monday after a market rout in the prior week.New issuance remained tepid, but two high-grade companies saw fit to borrow a...
Cumberland Advisors CIO David Kotok on the outlook for Facebook and the issues facing the European economy.
Former AIG CEO Hank Greenberg on efforts to increase regulations on the financial sector, particularly after J.P. Morgan’s losses.
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
