Entries tagged "asset sale"

AIG close to selling Taiwan unit

American International Group CEO Robert Benmosche may soon be bagging another asset sale.

AIG sells headquarters, Transatlantic stake

American International Group sold its New York headquarters and most of its stake in Transatlantic Holdings.

I-banks line up for AIG Hong Kong IPO

Investment banks are submitting proposals to AIG to coordinate American International Assurance's public listing in Asia in 2010.

BofA scrambles for cash, raising $13.5B

Bank of America held a $13.5 billion stock sale priced at $10.77 per share.

AIG's Liddy to testify on taxpayers investment

AIG's Edward Liddy will be testifying before the House Committee on Oversight and Government Reform on May 13.

AIG sells auto insurance asset for $1.9B

American International Group Inc (NYSE:AIG) has sold its U.S. auto insurance business to Swiss insurer Zurich Financial Services for $1.9 billion.

Gennum's asset shuffle

The Canadian chipmaker buys Tundra Semi after slimming down.

Prudential may buy AIG's Japanese units

Prudential Financial Inc. is apparently in the lead to buy AIG Edison Life Insurance Co. and AIG Star Life Insurance, two Japanese life insurers.

AIG's 'fire sale' is heating up

AIG could announce more asset sales to pay off its $150 bailout. Bidders for its Philamlife unit have until Feb. 23 to submit their bids, and the sales could happen the first week of March, according to Reuters.

Citigroup's asset sale moves at snail's pace

It looks like potential suitors are more interested in the parts of the business that Citi plans on keeping than in the businesses it's trying to divest.

Bank of China to throw water on AIG asset sale?

Bank of China Ltd. isn't bidding for American International Assurance, but it was the preferred bidder heading into the process, according to reports by Dow Jones and the Financial Times.

AIG: The house that Hank built

Could AIG need more money or a backstop in order to survive? Former CEO Hank Greenberg thinks so.

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