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A collection of news and information related to American International Group published by this site and its partners.
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Key regulators learned of JPMorgan loss from media reports
WASHINGTON — The public won't be protected from the type of risky bets that led to the huge trading loss at JPMorgan Chase & Co. until new rules are approved to allow better monitoring of complicated derivatives transactions, two key federal...Tags: Republican Party, Parties and Movements, Democratic Party, Citigroup Incorporated, JPMorgan Chase & Co.
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Regulators said they learned of JPMorgan loss from news reports
WASHINGTON — Two key financial regulators told senators Tuesday that they learned of the huge trading loss at JPMorgan Chase & Co., through media reports and that the public wouldn't be protected from the fallout from future incidents until new...
Tags: Republican Party, Richard Shelby, Mary Schapiro, Democratic Party, Citigroup Incorporated
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Harold A. 'Red' Poling dies at 86; former Ford chairman and CEO
Harold A. "Red" Poling, a former Ford Motor Co. chairman and chief executive officer who helped lead the automaker through two recessions, has died. He was 86.
Poling died Saturday at his home in Pacific Grove, on the Monterey Peninsula, the Dearborn,...Tags: Automotive Equipment, Ford Motor Co., Manufacturing and Engineering, Companies and Corporations, Corporate Officers
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Stocks continue to slide on Wall Street
NEW YORK -- U.S. stock markets continued to lose ground by midday, with major Wall Street indexes in the red by about 1%. The Dow Jones industrial average was down 165 points, or 1.3%, while the Standard & Poor’s 500 index was down 18 points, or 1....
Tags: Marketing, Finance, New York Mercantile Exchange, Bloomberg L.P., Wells Fargo & Co.
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U.S. bailout of AIG may net an estimated $15.1-billion profit
WASHINGTON — The U.S. government could end up pocketing a $15.1-billion profit from the bailout of insurance giant American International Group Inc., according to a new estimate by the Government Accountability Office.
The report came as the...Tags: Federal Reserve, Finance, U.S. Department of the Treasury, Economy, Business and Finance
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U.S. sale of AIG stock to bring back $5 billion in bailout money
The U.S. Treasury is taking another step to unwind its unprecedented 2008 bailout ofAmerican International Group Inc.by selling about $5 billion more of the insurance giant's shares and reducing its stake in the New York company to 63%. Thanks to AIG's...
Tags: Companies and Corporations, Federal Reserve, CEO Pay, Federal Bailout Funds, Finance
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Wall Street slides following European elections
U.S. stocks slid in early trading Monday following French and Greek elections that may shift the direction of the Eurozone's fiscal policy. The Dow Jones industrial average was down about 50 points, or 0.38%, shortly after the opening bell on Wall...
Tags: Politics, Bonds, Europe, France, Elections
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U.S. could make $15.1 billion profit on AIG bailout, GAO says
The U.S. government could end up pocketing $15.1 billion in profit from the bailout of insurance giant American International Group Inc., according to a new estimate by the Government Accountability Office. The report came as the Treasury Department on...
Tags: Federal Reserve, Federal Bailout Funds, Finance, U.S. Department of the Treasury, Economy, Business and Finance
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Scandal over GSA junket won't affect travel spending, experts say
In Washington, another scandal has broken over excessive spending during a business conference. But travel experts predict the effect this time around will be limited. Four years ago, it was insurance giant American International Group Inc.that was...
Tags: Business Trips, Transportation Industry, Companies and Corporations, Hotels and Accommodations, Big 3 Auto Bailout (2008)
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US stocks open lower after weak April jobs report
U.S. stocks opened lower Friday after the government reported that hiring slowed in April, confirming a slew of data during the month that showed the economy was weakening. The Dow Jones industrial average fell 83 points to 13,123 shortly after the...
Tags: Financial Markets, Companies and Corporations, Earnings Forecasts, Kraft Foods, Inc., Petroleum Industry
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AIG sues Air Lease, alleging theft of company secrets
Troubled insurance giant American International Group Inc. filed a lawsuit against the former head of its aircraft leasing business, Steven Udvar-Hazy, contending the Los Angeles billionaire stole company secrets, wooed away customers and pilfered...Tags: Laws, Companies and Corporations, Computing and Information Technology Industry, Theft, Justice System
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Former bailout watchdogs criticize AIG tax break
American International Group Inc.'s recent $20 billion quarterly profit was almost entirely because of an inappropriate tax break the government-owned insurance company continues to receive, according to four former members of the watchdog panel that...Tags: Politics, Financial Markets, Companies and Corporations, CEO Pay, Insurance
May 23, 2012
|Story| Los Angeles Times
May 22, 2012
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May 16, 2012
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May 8, 2012
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May 8, 2012
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May 6, 2012
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May 7, 2012
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May 8, 2012
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Apr 30, 2012
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May 4, 2012
|Story| AP Member Choice Complete
Apr 25, 2012
|Story| Los Angeles Times
Mar 12, 2012
|Story| Los Angeles Times
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