Judge Tosses Part Of AIG Suit Against Bank Of America

By IBTimes

American International Group Inc. (NYSE: AIG) was partially rebuffed in its effort to get $10 billion out of Bank of America Corp. (NYSE: BAC) Wednesday, as a Los Angeles U.S. district judge dismissed some of the New York re-insurer's claims in ... (4:36 pm)

MORE TOPICS: BANK OF AMERICA, NYSE, COURT, NEW YORK, LAWSUIT, LOS ANGELES

MetLife to outline growth plan, eyes emerging markets

By Reuters

MetLife Inc <MET.N>, the largest U.S. life insurer, said it plans to refocus its U.S. business and will seek to grow in emerging markets as part of a strategic plan that is set to be unveiled later on Monday. (May 23)

MORE TOPICS: EMERGING MARKETS

AIG to sell AIA shares after lock-up ends in September

By Reuters

Bailed-out insurer American International Group Inc <AIG.N> will sell its shares in Asian insurer AIA Group Ltd <1299.HK> after a lock-up period expires in early September, Chief Executive Bob Benmosche said on Wednesday. (May 16)

Child Artiste Taruni Sachdev Killed In Nepal Plane Crash

By IBTimes IN

Bollywood child artiste Taruni Sachdev was among the 15 passengers who were killed in a plane crash on Monday. (May 15)

MORE TOPICS: INDIA, BOLLYWOOD

HP loses $190 million tax case against IRS

By Reuters UK

Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million (118 million pounds) in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group. (May 15)

MORE TOPICS: ABN AMRO, HP, COURT, RETAIL, LAWSUIT, INVESTMENT

AIG ex-CEO Greenberg eyes reversing NY fraud case

By Reuters

Former American International Group Inc Chief Executive Maurice "Hank" Greenberg said New York's attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions. (May 14)

MORE TOPICS: COURT, NEW YORK, ATTORNEY GENERAL, SUPREME COURT, LAWYER

Freddie Mac Names Donald Layton CEO

By IBTimes

Freddie Mac (OTC: FMCC), the second-largest U.S. mortgage guarantor, said Thursday it was appointing Donald Layton, the former head of E*Trade as its CEO. (May 10)

MORE TOPICS: FREDDIE MAC, JPMORGAN CHASE, NYSE, MORTGAGE

Freddie Mac To Name Former E*Trade Chief Donald Layton New CEO: WSJ

By IBTimes

Freddie Mac, the second-largest mortgage guarantor, will announce the appointment of Donald Layton, former head of E*Trade Financial Corp., as a new CEO as early as Thursday, the Wall Street Journal said. (May 09)

MORE TOPICS: FREDDIE MAC, JPMORGAN CHASE, MORTGAGE, FANNIE MAE, NYSE, CONGRESS

Fraud case versus AIG ex-CEO Greenberg cleared for trial

By Reuters

A New York appeals court on Tuesday gave former American International Group Inc <AIG.N> Chief Executive Maurice "Hank" Greenberg a partial victory in the state's fraud lawsuit against him over two suspect reinsurance transactions, but cleared the way for the case to go to trial. (May 08)

MORE TOPICS: COURT, NEW YORK, ATTORNEY GENERAL, SUPREME COURT, LAWYER, LAWSUIT

U.S. could make $15.1 billion on AIG bailout: GAO

By Reuters

Taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer American International Group, a congressional watchdog said. (May 08)

MORE TOPICS: FEDERAL RESERVE, GOVERNMENT ACCOUNTABILITY OFFICE, NEW YORK, INVESTMENT