AIG is in talks with AerCap about a $5 billion sale of its aircraft leasing unit, sources familiar with the talks said Thursday.» Read More
The U.S. Treasury Department said Friday that it has launched a public offering of $5 billion of its American International Group common stock.
Stocks rallied to three-month highs, snapping a four-day losing streak, after today’s jobs report was better than anticipated but still left the door open to additional Federal Reserve measures to stoke growth. Markets also appeared more confident the European Central Bank will act to contain the euro zone debt crisis.
U.S. stock index futures are adding to gains after a better-than-expected increase in new jobs in July. While stronger than anticipated, the jobs report may still leave open the door for additional stimulus from the Federal Reserve.
The insurance company reported quarterly earnings that were more than twice what Wall Street had been expecting as tax benefits boosted results and operating income grew across the company's varied insurance businesses.
Almost four years after the government spent $161 billion dollars to rescue AIG, and management has spent countless hours restructuring it, a report by the Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, concludes the insurance giant is still too big and complicated to regulate.
AIG has had a busy week in the news. First the insurance company announced the sale of most of its International Lease Finance Corporation to the New China Trust Co. Then the government announced that it will sell its remaining stake in AIG.