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AIG leads bailout from Half Moon Bay

Oct. 10, 2008
For AIG, once was not enough: In the Ripley's Believe It Or Not department, American International Group Inc., famous for throwing a $440,000 wing-ding in the aftermath of its humongous government bailout, was about to throw another high-priced event next...
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AIG sale a $308 million pittance

AIG sale a $308 million pittance

NEW YORK, Jan. 14 (UPI) -- U.S. insurance giant American International Group's sale of AIG Life Insurance of Canada is a small step in its recovery process, an analyst said.

Munich Re to buy AIG company

HARTFORD, Conn., Dec. 22 (UPI) -- Germany's Munich Re said Monday it will purchase the Hartford Steam Boiler Inspection and Insurance Co. for $742 million.

N.Y. court proceeds with AIG case

NEW YORK, Dec. 5 (UPI) -- A New York judge refused to dismiss breach of fiduciary duty charges against American International Group Inc.'s former chairman, Maurice Greenberg.

AIG to distribute deferred worker pay

NEW YORK, Nov. 15 (UPI) -- American International Group Inc. says it will distribute $503 million in deferred compensation to its employees, removing an incentive for them to quit.

AIG bailout and questions continue

NEW YORK, Nov. 3 (UPI) -- The financial plight of American International Group seems unabated by the company's $143 billion in U.S. bailout funds, one expert said.

Merkel urges banks to accept bailout help

BERLIN, Nov. 1 (UPI) -- German Chancellor Angela Merkel said banks should take advantage of a $637 billion government bailout plan few have availed themselves of so far.
AIG taps new commercial paper program

AIG taps new commercial paper program

NEW YORK, Oct. 31 (UPI) -- U.S. insurer American International Group said its would tap into a third federal bailout option, bringing its total line of government credit to $144 billion.
Greenberg calls for changes in AIG bailout

Greenberg calls for changes in AIG bailout

NEW YORK, Oct. 14 (UPI) -- Maurice Greenberg, former chief executive officer of American International Group, has called for changes in the company's U.S. federal bailout package.
Fed extends $37.8 billion more to AIG

Fed extends $37.8 billion more to AIG

WASHINGTON, Oct. 8 (UPI) -- The U.S. Federal Reserve said it extended American International Group's line of credit by another $37 billion Wednesday.
AIG blasted for $440K post-bailout junket

AIG blasted for $440K post-bailout junket

WASHINGTON, Oct. 8 (UPI) -- A trip to a posh California resort by bailout beneficiary AIG drew the ire of a House panel chairman and a rebuke from the Democratic presidential candidate.

Code Pink protesters see red over bailout

WASHINGTON, Oct. 1 (UPI) -- A group demonstrated in the Senate offices of U.S. presidential candidates John McCain and Barack Obama, protesting their support of a Wall Street bailout.

Conservatives attack Bush on AIG bailout

WASHINGTON, Sept. 18 (UPI) -- Conservatives attacked Republican U.S. President George Bush for approving the Federal Reserve's $85 billion takeover of American International Group Inc.

Group assembled to sell AIG's assets

NEW YORK, Sept. 18 (UPI) -- New York and Pennsylvania insurance regulators will work with American International Group Inc. to unload the firm's insurance assets, officials said.

Talks under way to rescue AIG

NEW YORK, Sept. 16 (UPI) -- Executives of AIG, the giant insurance firm teetering on the brink of collapse, Tuesday held emergency meetings at the New York Federal Reserve, officials said.

Rome in $572 million bailout of Alitalia

ROME, Nov. 11 (UPI) -- Italy's government plans to come to the rescue of Italy's national airline with a $572 million purchase of the carrier's stock.
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Vietnam Veterans Memorial Commemorated in Washington
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A U.S. Air Force B-52 flies over the Vietnam Veterans Memorial during commemoration of 50th anniversary of the war on May 28, 2012 in Washington, DC. President Barack Obama is at the base of the wall left center. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. The B-52 bomber was used extensively during the Vietnam War. UPI/Pat Benic