AIG profit beats estimates, boosts buyback by $5 billion
American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts` estimates, and boosted its share buyback by up to $5 billion.
Aug 04, 2015, 04:39 AM IST
US court rules 2008 AIG takeover illegal but awards no damages
A US court ruled Monday that the government`s takeover of insurer AIG was illegal, in a rebuke to the Federal Reserve and Treasury`s dramatic actions in 2008, which they argued saved the financial system.
Jun 16, 2015, 01:16 AM IST
