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AIG names recipients of its bailout money

Mar. 16, 2009
Troubled insurance giant AIG, already under fire for intending to pay out $165 million in bonuses and compensation, succumbed Sunday to congressional pressure, identifying banks that received chunks of the company's billions in federal bailout funds last year.
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AIG losses record $62 billion in quarter

AIG losses record $62 billion in quarter

WASHINGTON, March 2 (UPI) -- U.S. insurance giant AIG said it lost $61.65 billion in the fourth quarter, a sharp about-face from fourth quarter 2007, when the company gained $5.2 billion.

Competitors urge scrutiny of AIG bailout

WASHINGTON, March 1 (UPI) -- An insurance trade group says U.S. government bailouts for American International Group Inc. must not be used by the firm for competitive advantages.
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.

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.

White House says bailout not for Big 3

WASHINGTON, Nov. 12 (UPI) -- U.S. President George Bush would consider more aid for automakers if Congress acts, but isn't inclined to use Wall Street bailout funds, a spokeswoman said.

U.S. bank lobbying provokes ire

WASHINGTON, Nov. 7 (UPI) -- U.S. banks participating in the $700 billion financial bailout plan should not continue lobbying in Washington, an influential advocacy group leader said.

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.
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.

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.
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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