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Today's Top Videos: Olympics, Citigroup & More...

CNBC.com
Thursday, 7 Aug 2008 | 6:01 PM ET

AIG reports weak earnings and further write-downs, while GE says the Beijing Olympics will help boost the company's brand image. Following are today's top videos:

Citigroup Settlement
CNBC's Steve Liesman reports on the details of Citigroup's settlement over its auction rate securities business with New York State.

Citigroup Settlement

“We are learning of a massive settlement between Citigroup , the state and the Securities Exchange Commission when it comes to these auction-rate securities. We are learning that the SEC with Cuomo, Citigroup will buyback up to $20 billion dollarsof these controversial auction-rate securities where people put their money to what they thought was short term cash and ended up getting stuck there…”

--Steve Liesman, CNBC’s Senior Economics Reporter

AIG Reports Loss, More Write-Downs
CNBC's David Faber has the latest on AIG.

AIG Reports Loss, More Write-Downs

“AIG’s overall stocks are going to be down sharply this morning. It was down after the close yesterday when the company reported earnings. We are still talking about a fairly high market cap, although nothing close to the $160-170 billion number that I remember not that long ago.”

--David Faber, CNBC Business News

GE & the Olympics
Many companies have played a crucial role in making the Olympics happen, including CNBC's parent company General Electric. Beth Comstock, GE's chief marketing officer, discusses the games with CNBC's Carl Quintanilla.

GE & The Olympics

“GE went into the sponsorship of the games since back in 2004, and we signed on to be a sponsor until 2012. And for us, it was always having Beijing as the crown jewel of why the sponsorship appealed for us for a couple of reasons. One, we wanted to build a brand image here in China, and we thought the Olympic rings would be a great association. But equally if not more importantly, we thought this was a sales opportunity to partner with the infrastructure build that was happening around Beijing and that’s proved to be very fruitful for us as well.”

--Beth Comstock, Senior Vice President & Chief Marketing Officer, GE

Big Brother Car Insurance
Progressive is giving motorists a chance to save up to 60 percent on their car insurance. The catch? They want to monitor your car's every move. CNBC.com's Brooke Sopelsa has the story.

Big Brother Car Insurance

“With gas prices still hovering around $4 a gallon, consumers are looking to save wherever they can, and Progressive is giving motorists the chance to cut their car insurance bill in half. The catch? The insurer wants to monitor your car’s every move. Literally.”

--Brooke Sopelsa, CNBC.com

Maria's Market Message
CNBC's Maria Bartiromo discusses the day's top business and financial stories, and looks ahead to tomorrow's Closing Bell.

Maria’s Market Message

“Earnings from Fannie Mae and data on trade and productivity could set the tone for trading on Friday. Citigroup agreeing to buyback more than $7 billion of auction-rate securities and pay a $100 million civil fine to settle charges. It told clients the debt was safe, when it was becoming increasingly risky. The settlement with the New York attorney general’s office and SEC could pave the way for other agreements in the financial sector.”

--Maria Bartiromo, CNBC’s Closing Bell

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