Watchlist Sponsored By :
- Citigroup Lost $20 Million on Facebook IPO Trades
- JPMorgan to Shake Up Risk Team After Big Loss: Report
- Spain to Inject Emergency 19 Billion Euros into Bankia
- EU Set to Launch Action Against China Over Telecom Aid
- JPMorgan to Shake Up Risk Team After Big Loss: Report
- Marc Faber: Chance of Global Recession Is Now 100%
- Week Ahead: Europe Has Wall Street Bull on Short Leash
- Cool Jobs: From Gold Stacker to Bed Tester
- Sticker Shock: What College Is Likely to Cost in 18 Years
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Option Bulls Take Another Shot on Idenix
MOST SHARED
- Zero China Growth Is ‘Probable’: Gordon Chang
- Marc Faber: 100% Chance of Global Recession
- Citigroup Lost $20 Million on Facebook IPO Trades
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Senate Summons Dimon to 'Get to the Bottom' of JPM Mess
- Romney Leads Poll Of Small Business Owners
- What College Tuition Will Look Like in 18 Years
- China Growth Risks Signal Need for Fiscal Action
- Bacon Tourism: From the Davos of Bacon to Bacon Mecca
MOST POPULAR
HOT ON FACEBOOK
AIG Raises $20 Billion via Shares, Debt Issue: CEO
Published:
Tuesday, 20 May 2008 | 7:40 AM ET
Text Size 
By: Reuters
American International Group Chief Executive Martin Sullivan on Tuesday told investors that the insurance company's recent issue of equity and debt raised in the region of $20 billion, far more than initially expected.
Sullivan, speaking at an investor conference in London, said that the capital raising, announced after AIG [AIG
Loading...
()
] reported a record $7.8 billion first-quarter loss, would give AIG the ability to invest in future growth, while at the same time position the company for further volatility in the credit markets.
AIG's quarterly loss was largely driven by write-downs of assets linked to subprime mortgage investments.
The company had initially planned to raise $12.5 billion.
Copyright 2011 Thomson Reuters. Click for restrictions.
- The Nasdaq has suffered the most from the EU crisis showing there's risk in the usual tech stocks.
- Targeting more Millennials is just one of the items brewing for consumers in the world of spirits.
- It seems many people may need a reminder of how NOT to act on a plane. Here are a few tips.
- Here are some very unusual roadside stops along American highways that might peek your interest.
- How three generations of Americans are dealing with the finances of retirement.
Data is a real-time snapshot *Data is delayed at least 15 minutes
