American International Group http://www.globalpost.com/taxonomy/term/24467/all en White House declines comment on possible AIG suit http://www.globalpost.com/dispatch/news/thomson-reuters/130108/white-house-declines-comment-possible-aig-suit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Jan 8 (Reuters) - The White House declined to comment on Tuesday on a possible lawsuit by insurer American International Group against the U.S. government that alleges the terms of the firm's 2008 bailout were unfair, but defended the rescue.</p> <p>"I won't comment on a lawsuit that's pending," White House spokesman Jay Carney told reporters at a briefing.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/white-house-declines-comment-possible-aig-suit" target="_blank">read more</a></p> American International Group Business Disaster Economics Entertainment Environment Health Late-2000s financial crisis Politics Thomson Reuters Tue, 08 Jan 2013 18:45:31 +0000 Thomson Reuters 5731761 at http://www.globalpost.com AIG says obliged to consider joining lawsuit against government http://www.globalpost.com/dispatch/news/thomson-reuters/130108/aig-says-obliged-consider-joining-lawsuit-against-government <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BOSTON, Jan 8 (Reuters) - AIG has an obligation to consider a demand by its former chief executive that the company join a lawsuit challenging some of the terms of the insurer's 2008 government rescue, AIG said on Tuesday.</p> <p>In a statement, American International Group said its board expected to make a decision "in the next several weeks."</p> AIG American International Group American International Group Politics Young Earth creationism Thomson Reuters Tue, 08 Jan 2013 23:15:31 +0000 Thomson Reuters 5731897 at http://www.globalpost.com AIG says obliged to consider joining lawsuit against government http://www.globalpost.com/dispatch/news/thomson-reuters/130108/aig-says-obliged-consider-joining-lawsuit-against-government-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BOSTON, Jan 8 (Reuters) - AIG has an obligation to consider a demand by its former chief executive that the company join a lawsuit challenging some of the terms of the insurer's 2008 government rescue, AIG said on Tuesday.</p> <p>In a statement, American International Group said its board expected to make a decision "in the next several weeks."</p> AIG American International Group American International Group Politics Young Earth creationism Thomson Reuters Tue, 08 Jan 2013 23:15:34 +0000 Thomson Reuters 5731898 at http://www.globalpost.com UPDATE 1-Journalist has no right to AIG documents - US court http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-journalist-has-no-right-aig-documents-us-court <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Feb 1 (Reuters) - A U.S. appeals court ruled on Friday that a journalist does not have a legal right to see consultant reports prepared for American International Group Inc as part of an agreement between the company and securities regulators.</p> <p>The unanimous ruling from the U.S. Court of Appeals for the District of Columbia Circuit reversed a finding in a lower court that the reports must be disclosed.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-journalist-has-no-right-aig-documents-us-court" target="_blank">read more</a></p> American International Group Creation science Young Earth creationism Thomson Reuters Fri, 01 Feb 2013 18:01:15 +0000 Thomson Reuters 5743382 at http://www.globalpost.com Barclays defers bonuses for top investment bankers http://www.globalpost.com/dispatch/news/thomson-reuters/130207/barclays-defers-bonuses-top-investment-bankers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 7 (Reuters) - About 1,200 top investment bankers at Barclays will not receive any upfront cash as the bank will defer awards over three years, a person familiar with the matter said.</p> <p>Managing directors will get one-third of their 2012 bonus next year, a third in 2015 and a third the year after. Half the payout will be in cash and half will be in shares, the source said.</p> <p>Bankers below managing director level getting a bonus of up to 65,000 pounds ($102,100) will get all of their bonus in cash straight away.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/barclays-defers-bonuses-top-investment-bankers" target="_blank">read more</a></p> American International Group Barclays Financial services Law Thomson Reuters Thu, 07 Feb 2013 19:00:55 +0000 Thomson Reuters 5749261 at http://www.globalpost.com Battered by Sandy, AIG posts $4 bn Q4 loss http://www.globalpost.com/dispatch/news/afp/130221/battered-sandy-aig-posts-4-bn-q4-loss <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US insurance giant American International Group on Thursday said it swung into loss in the 2012 fourth quarter, taking a pummeling from superstorm Sandy and a unit sale.</p> <p>AIG reported a $4 billion net loss in the October-December quarter, compared with $21.5 billion in net income in the year-ago period.</p> <p>Per share, the fourth-quarter loss was $2.68; a year ago it had $11.31 earnings per share.</p> <p>The massive storm Sandy that ravaged the heavily populated Northeast in late October resulted in a pre-tax "catastrophe loss" of $2 billion.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/battered-sandy-aig-posts-4-bn-q4-loss" target="_blank">read more</a></p> American International Group American International Group Answers in Genesis Disaster Economy of New York City USD AFP Thu, 21 Feb 2013 23:00:39 +0000 Agence France-Presse 5762753 at http://www.globalpost.com AIA annual net profit jumps 89 percent http://www.globalpost.com/dispatch/news/afp/130227/aia-annual-net-profit-jumps-89-percent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asian insurance giant AIA said Wednesday its net profit for the year rocketed almost 90 percent, building on growth from previous years despite a challenging economic environment.</p> <p>Hong Kong-listed AIA said net profit for the year ended November 30 jumped to $3.02 billion from $1.60 billion last year.</p> <p>New business, a key performance measure for profitability, grew by 27 percent to $1.19 billion, up from $932 million.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130227/aia-annual-net-profit-jumps-89-percent" target="_blank">read more</a></p> American International Group Financial economics Insurance USD AFP Wed, 27 Feb 2013 05:00:53 +0000 Agence France-Presse 5768044 at http://www.globalpost.com AIA annual net profit jumps 89 percent http://www.globalpost.com/dispatch/news/afp/130227/aia-annual-net-profit-jumps-89-percent-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asian insurance giant AIA said Wednesday its net profit for the year rocketed almost 90 percent, building on growth from previous years despite a challenging economic environment.</p> <p>Hong Kong-listed AIA said net profit for the year ended November 30 jumped to $3.02 billion from $1.60 billion the previous year.</p> <p>New business, a key performance measure for profitability, grew by 27 percent to $1.19 billion, up from $932 million.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130227/aia-annual-net-profit-jumps-89-percent-0" target="_blank">read more</a></p> AIA American International Group Economy of New York City Insurance AFP Wed, 27 Feb 2013 09:30:52 +0000 Agence France-Presse 5768222 at http://www.globalpost.com NY judge approves $115 million AIG shareholder settlement http://www.globalpost.com/dispatch/news/thomson-reuters/130410/ny-judge-approves-115-million-aig-shareholder-settlement <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Nate Raymond</p> <p>NEW YORK (Reuters) - A federal judge on Wednesday approved a $115 million (75 million pounds) settlement between American International Group Inc &lt;AIG.N&gt; shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged improper accounting at the insurance giant.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130410/ny-judge-approves-115-million-aig-shareholder-settlement" target="_blank">read more</a></p> Accounting scandals American International Group Business Thomson Reuters Wed, 10 Apr 2013 22:45:33 +0000 Thomson Reuters 5809997 at http://www.globalpost.com Japan's Sharp jumps 14% on Pioneer sale report http://www.globalpost.com/dispatch/news/afp/130414/japans-sharp-jumps-14-pioneer-sale-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in struggling Japanese electronics maker Sharp rocketed more than 14 percent on Monday morning after a weekend report that it plans to sell its entire 9.2 percent stake in rival Pioneer.</p> <p>Sharp shares were up 14.02 percent at 382 yen on the Tokyo Stock Exchange at the break while Pioneer climbed 6.19 percent to 223 yen.</p> <p>Sharp, the largest shareholder in Pioneer, aims to sell the 30 million shares in a lump-sum deal as early as this month to companies that can expect synergies with Pioneer's operations, the Nikkei newspaper reported.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130414/japans-sharp-jumps-14-pioneer-sale-report" target="_blank">read more</a></p> American International Group Business Economy of Japan Pioneer Corporation Sharp AFP Mon, 15 Apr 2013 03:45:38 +0000 Agence France-Presse 5815672 at http://www.globalpost.com European stocks hit by German downgrade rumour http://www.globalpost.com/dispatch/news/afp/130417/european-stocks-hit-german-downgrade-rumour <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>European stock markets fell on Wednesday, with Frankfurt shares briefly shedding more than 2.0 percent as speculation swirled over a potential credit rating downgrade, dealers said.</p> <p>In late morning trade, Frankfurt's DAX 30 index of top companies sank as low as 7,514.01 points. It later stood at 7,587.52, down 1.24 percent from Tuesday's closing level.</p> <p>Elsewhere, London's benchmark FTSE 100 index slid 0.54 percent to 6,270.82 points and in Paris the CAC 40 dropped 0.93 percent to 3,651.45 points.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130417/european-stocks-hit-german-downgrade-rumour" target="_blank">read more</a></p> American International Group Business AFP Wed, 17 Apr 2013 11:01:41 +0000 Agence France-Presse 5818185 at http://www.globalpost.com European stocks hit by German downgrade rumour http://www.globalpost.com/dispatch/news/afp/130417/european-stocks-hit-german-downgrade-rumour-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>European stock markets fell on Wednesday, with Frankfurt shares briefly shedding more than 2.0 percent as speculation swirled over a potential credit rating downgrade, dealers said.</p> <p>In afternoon trade, Frankfurt's DAX 30 index of top companies sank as low as 7,514.01 points. It later stood at 7,547.77, down 1.75 percent from Tuesday's closing level.</p> <p>Elsewhere, London's benchmark FTSE 100 index slid 0.58 percent to 6,238.31 points, and in Paris the CAC 40 dropped 1.48 percent to 3,631.23 points.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130417/european-stocks-hit-german-downgrade-rumour-0" target="_blank">read more</a></p> American International Group Business Stock market Tesco AFP Wed, 17 Apr 2013 14:46:55 +0000 Agence France-Presse 5818383 at http://www.globalpost.com US names new Afghanistan-Pakistan envoy http://www.globalpost.com/dispatch/news/afp/130503/us-names-new-afghanistan-pakistan-envoy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US Secretary of State John Kerry on Friday named veteran diplomat James Dobbins to be the new special envoy to Afghanistan and Pakistan at what he called "a pivotal moment" for the two nations.</p> <p>Dobbins, who has served in difficult posts such as Kosovo and in 2001 raised the US flag over the embassy in Kabul after the fall of the Taliban, will be taking up a job once held by Richard Holbrooke, Kerry said in a statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130503/us-names-new-afghanistan-pakistan-envoy" target="_blank">read more</a></p> Ambassadors of the United States American International Group Council on Foreign Relations AFP Fri, 03 May 2013 18:30:46 +0000 Agence France-Presse 5830613 at http://www.globalpost.com AIG profit falls 35 percent as premium income dips http://www.globalpost.com/dispatch/news/thomson-reuters/130507/aig-beats-estimates-property-and-casualty-business-shines <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Insurer American International Group Inc's &lt;AIG.N&gt; quarterly profit fell about 35 percent on lower premium income and higher claims.</p> <p>Net income fell to $1.98 billion, or $1.34 per share, for the first quarter, from $3.05 billion, or $1.71 per share, a year earlier.</p> <p>On an operating basis, AIG earned $1.34 per share.</p> <p>(Reporting by Aman Shah and Anil D'Silva in Bangalore; Editing by Sriraj Kalluvila)</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> American International Group American International Group Inc Answers in Genesis Business Economics Economy of New York City Financial economics Insurance Labor Law New York City Thomson Reuters Tue, 07 May 2013 17:22:58 +0000 Thomson Reuters 5833049 at http://www.globalpost.com AIG eyes new director with regulatory experience http://www.globalpost.com/dispatch/news/thomson-reuters/130523/aig-eyes-new-director-regulatory-experience <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Nadia Damouni and Paritosh Bansal</p> <p>(Reuters) - American International Group Inc's &lt;AIG.N&gt; board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, according to two sources familiar with the situation.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130523/aig-eyes-new-director-regulatory-experience" target="_blank">read more</a></p> American International Group Business Economic history Economics Thomson Reuters Thu, 23 May 2013 06:45:28 +0000 Thomson Reuters 5844446 at http://www.globalpost.com