AIG

New York -- U.S. insurance giant American International Group has found legal arguments to help it reduce bonus pay by $21 million, a source told The New York Times.

U.S. stocks rose on Monday after American International Group Inc. announced the sale of its unit Alico along with Sprint Nextel Corp to MetLife Inc. for $15.5 billion. The deal was made to augment revenue growth in the coming quarters.

New York -- American International Group said the sale of American Life Insurance Co. to MetLife for $15.5 billion would help reduce its government debt.

American International Group Inc. (AIG) sold its Asian life insurance business to Prudential PLC of Britain on Monday. The deal was inked for $35.5 billion and is reportedly the largest insurance takeover so far.

New York -- American International Group said Monday it would sell American International Assurance to British Prudential for $35.5 billion.

New York -- U.S. insurance giant American International Group said it lost $8.87 billion in the fourth quarter of 2009, as it posted an annual loss of about $11 billion.

New York -- U.S. insurance giant American International Group Inc. said it would reduce bonus payments by $20 million to recoup part of a pledge it failed to keep.

New York -- U.S. insurance giant American International Group Inc. said it would reduce bonus payments by $20 million to recoup part of a pledge it failed to keep.

Washington -- U.S. Treasury Secretary Timothy Geithner defended his role in the TARP bailout program and the bailout itself during questioning by a House panel Wednesday.

Washington -- Sen. Charles Grassley, R-Iowa, has questioned how the general counsel of a bailed out U.S. firm could walk away from her job with a $3.9 million severance deal.