The US Department of Treasury is planning to sell $5.8bn worth of its shares in American International Group (AIG), further reducing ownership stake to 61% from 70%. The department has agreed to sell 163.93 million shares at $30.50 per ...
Tags: The US Department of Treasury, American International Group
Fireman’s Fund Insurance has appointed Arun Chanana as new senior vice president of distribution and agency management. Heading the company's Liberty Corner office in New Jersey, Chanana will provide strategic and operational ...
Tags: Fireman, Arun Chanana, vice president, insurance
Dubai Group is in talks to sell its 45 percent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. Lafarge ...
Tags: market view, cement
SAP is suing insurer Swiss Re International, claiming that the company has refused to pay its share of an $80 million settlement with Waste Management, which had brought suit against SAP in 2008 over a troubled software project. Waste ...
Tags: SAP, software, human resources, finance, logistics
American International Group (AIG)'s life and retirement business, SunAmerica Financial Group has earmarked a definitive agreement with The Hartford Financial Services to purchase Woodbury Financial Services for an undisclosed sum. Upon ...
Tags: AIG, Woodbury Financial Services, Hartford
The Board of Directors of American International Group (IAG) has elected Morris Offit as director as well as chairman of the finance and risk management committee of the board. Offit will serve as a director until the 2013 AIG's annual ...
Tags: IAG, management committee, Morris Offit
SYDNEY: Australia's manufacturing activity contracted for a fourth straight month in June, hit by a high dollar and a slump in residential and commercial construction, a private survey showed on Monday. The Australian Industry ...
Tags: market view, manufacturing PMI
The Federal Reserve Bank of New York has sold over $4bn of packaged mortgage debt, further reducing a portfolio of assets associated with the bailout of Dutch insurer American International Group (AIG). Since the sales of the securities ...