The sale allows MetLife to expand into Japan, Europe and the Middle East, helps AIG continue its radical restructuring -- and lets the U.S. government recoup some more of the $130 billion in bailout funds it fronted to AIG. Investors seem to like the transaction, too.

Continue reading AIG's Deal to Sell Alico to MetLife Could Be a Win-Win-Win

AIG's Deal to Sell Alico to MetLife Could Be a Win-Win-Win originally appeared on DailyFinance on Mon, 08 Mar 2010 11:32:00.

Filed Under: Company News, American International Group, INC., Insurance, MetLife

Shares of AIG are on the move Monday after the insurer agreed to sell its Alico unit to MetLife for $15.5 billion. The deal is AIG's second major asset sale this month as it attempts to whittle down its bailout tab. Click inside to see what other news is influencing Wall Street today.

Continue reading Stocks in the News: AIG, Hewlett-Packard, McDonald's

Stocks in the News: AIG, Hewlett-Packard, McDonald's originally appeared on DailyFinance on Mon, 08 Mar 2010 07:43:00.

Filed Under: Company News, Investing, Hewlett-Packard, Ford Motor Co., Kraft Foods, Apple, American International Group, INC., McDonald's, Toyota, Yahoo, Astrazeneca, MetLife

While the M&A activity has been relatively quiet in the U.S., dealmaking is hot and heavy overseas. Foreign acquirers have cash and their capital is in search of the fastest growth it can get its hands on -- whether in China, Brazil, or Africa. But deals in these markets have potential pitfalls.

Continue reading The Urge to Merge Is Strong Overseas

The Urge to Merge Is Strong Overseas originally appeared on DailyFinance on Sat, 06 Mar 2010 10:00:00.

Filed Under: American International Group, INC.

Dimitrios Biller, a former in-house counsel for Toyota, claimed to have four boxes of damning documents showing how the automaker hid evidence in lawsuits against it. Though just what was in those papers is still in dispute, at least one congressman who has seen them says the answer is: Not much.

Continue reading Legal Briefing: Toyota Whistleblower's Hot Docs Are Just Hot Air

Legal Briefing: Toyota Whistleblower's Hot Docs Are Just Hot Air originally appeared on DailyFinance on Fri, 05 Mar 2010 12:45:00.

Filed Under: Columns, Economy, JP Morgan Chase, American International Group, INC., Toyota, Real Estate, Credit, Autos

Taxpayer-controlled AIG took a big step in an effort to reduce its bailout debt, announcing that it would sell its Asian life insurance business to British insurer Prudential Plc. for $35.5 billion. The news gave stocks a boost Monday.

Continue reading AIG to Sell Asia Business for $35.5 Billion to Help Pay Down Bailout Tab

AIG to Sell Asia Business for $35.5 Billion to Help Pay Down Bailout Tab originally appeared on DailyFinance on Mon, 01 Mar 2010 08:20:00.

Filed Under: Company News, American International Group, INC., Insurance, Currency

The following is a round-up of news likely to affect stock prices today:

Britain's Prudential (PUK), which is not related to the American company of the same name, said Monday it will buy the Asian unit of American International Group (AIG) in a deal worth $35.5 billion that will allow AIG to pay back some of the money it owes U.S. taxpayers. AIG shares jumped over 15% in premarket trading. PUK...

Continue reading Stocks in the News: AIG, Dish Network, HSBC

Stocks in the News: AIG, Dish Network, HSBC originally appeared on DailyFinance on Mon, 01 Mar 2010 07:50:00.

Filed Under: Company News, Investing, Pepsico, American International Group, INC.

Shares of ailing insurer American International Group plunged as much as 13% Friday as the company reported a loss of $8.9 billion and raised concerns about whether it will need more government assistance.

Continue reading AIG Reports $8.9 Billion Quarterly Loss, Shares Stumble

AIG Reports $8.9 Billion Quarterly Loss, Shares Stumble originally appeared on DailyFinance on Fri, 26 Feb 2010 08:34:00.

Filed Under: Earnings, American International Group, INC., Insurance

The following is a round-up of news likely to affect stock prices today:

American International Group (AIG) lost $8.9 billion, or $65.51 per share. On an adjusted basis, it lost $7.2 billion, or $53.23 a share, vs. $38.5 billion, or $287.69 a share, in the same quarter last year on revenue of $24.4 billion. AIG also said it has been in discussion with a third party regarding the potential sale of...

Continue reading Stocks in the News: AIG, Tata Motors, The Gap

Stocks in the News: AIG, Tata Motors, The Gap originally appeared on DailyFinance on Fri, 26 Feb 2010 08:00:00.

Filed Under: Crocs, Ford Motor Co., American International Group, INC., SanDisk

In today's legal news, two former employees file a sexual discrimination suit against AIG's financial products division, credit default swaps threaten to ruin Greece, and a judge reduces Philip Morris' damages in Florida smoker case from $300 million to $38 million.

Continue reading Latest Legal News: AIG Sued for Sex Discrimination

Latest Legal News: AIG Sued for Sex Discrimination originally appeared on DailyFinance on Thu, 25 Feb 2010 11:00:00.

Filed Under: Company News, American International Group, INC.

A U.S. Congressman has subpoenaed a document that makes it clearer how the feds may have used struggling insurer American International Group as the vehicle for bailing out Goldman Sachs Group. It's becoming more obvious that there was a concerted effort to bottle up the facts of what caused the financial crisis.

Continue reading Is the U.S. Hiding How it Bailed Out AIG and Goldman?

Is the U.S. Hiding How it Bailed Out AIG and Goldman? originally appeared on DailyFinance on Tue, 23 Feb 2010 18:45:00.

Filed Under: Goldman Sachs , American International Group, INC.