Summary
A collection of news and information related to American International Group published by Tribune Company sources.
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104 items on American International Group
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Stocks tumble again
Of Bloomberg NewsStocks tumbled Wednesday, sending the Dow Jones Industrial Average into a bear market, after oil rose to a record and steelmakers and coal producers retreated on concern the economic slump will worsen. The Standard & Poor's 500 Index slid to its lowest...Tags: Caterpillar Inc., Waterway and Maritime Transportation Industry, Nucor Corporation, Gymnastics, Citigroup Incorporated
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Bear chomps on stocks as crude oil boils to new record
Chicago Tribune staff and wire reportsThe bear is officially here. A late sell-off Wednesday pushed the Dow Jones industrial average down to 11,215.51, leaving it more than 20 percent below its Oct. 9 closing high of over 14,100 and meeting the standard definition of a bear market. The...Tags: Bank of America Corp., Commodity Markets, Prices, Financial Markets, Citigroup Incorporated
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AIG unit drops broker mortgages
American International Group Inc. said its Wilmington Finance Inc. unit will stop originating mortgages through brokers and reduce the number of loans it makes directly to homebuyers. Wilmington will eliminate 335 jobs by year-end, the unit said...Tags: New York
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Wall Street cae de nuevo y acumula un descenso de casi el 20% en ocho meses
Wall Street cerró hoy con una caída del 0,93 por ciento, tras perder más de 450 puntos en dos días y acumular un descenso de casi el 20 por ciento desde que el pasado octubre alcanzó su máximo histórico. De los 30 valores que componen el Dow Jones de...Tags: Bank of America Corp., California, J.P. Morgan Chase & Co., Citigroup Incorporated, LM Ericsson Telephone Company
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ILFC to buy 300 jets from Boeing, Airbus
From Chicago Tribune news servicesInternational Lease Finance Corp., the world's biggest aircraft lessor, may order 300 jetliners from Chicago-based Boeing Co. and Airbus SAS to meet demand from airlines that can no longer afford to buy their own planes. ILFC may purchase 150 single-...Tags: Boeing Co., The Goldman Sachs Group Incorporated
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Financial sector worries, oil prices stall traders
From wire reportsStocks stalled yesterday, ending mostly lower after rising oil prices and continuing worries about the financial sector gave investors little reason to buy a day ahead of a Federal Reserve meeting. The Dow Jones industrial average slipped 0.33 to 11,...Tags: Federal Reserve, Delta Air Lines, United Airlines, Bank of America Corp., UAL Corporation
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Business Topics
Electronic Arts Inc. extended its $2 billion tender offer for Grand Theft Auto maker Take-Two Interactive Software Inc. for the fourth time on Tuesday, to July 18. The $25.74-per-share offer, which had been set to expire at midnight Monday, remains...Tags: Game Playing, Satellite Technology, Electronics, Air Transportation, Video Games
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Wholesale inflation data drag market down
From wire reportsStocks tumbled yesterday as a troubling reading on wholesale inflation underscored the drag of high energy prices on the economy. The data showed how energy costs are affecting businesses. The Labor Department said its index of producer prices jumped 1....Tags: Adobe Systems Inc., Commodity Markets, Federal Realty Investment Trust, Prices, Financial Markets
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Troubled AIG Gets A New CEO
Associated PressWhen Robert Willumstad said goodbye to Citigroup Inc. three years ago, he boldly declared he was leaving to run a major company. Now, at 62, he's making good on that promise — at a floundering AIG during the most challenging climate of his four-...Tags: New York, Eliot Spitzer, Management Change, Citigroup Incorporated, Lehman Brothers Holdings Incorporated
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New CEO of AIG vows to vet all operations
Robert Willumstad, American International Group Inc.'s new chief executive, said yesterday "there will be no sacred cows" in his companywide review of the world's biggest insurer. Willumstad, who replaced Martin Sullivan as CEO after record losses tied...Tags: New York, Management Change, Citigroup Incorporated, KB Home, Corporate Officers
Jul 3, 2008
|Story| Allentown Morning Call
Jul 3, 2008
|Story| Chicago Tribune
Jun 18, 2008
|Story| Baltimore Sun
Jun 27, 2008
|Story| Hola Hoy
Jun 26, 2008
|Story| Chicago Tribune
Jun 24, 2008
|Story| Baltimore Sun
Jun 18, 2008
|Story| South Florida Sun-Sentinel
Jun 18, 2008
|Story| Baltimore Sun
Jun 17, 2008
|Story| Associated Press
Jun 17, 2008
|Story| Newsday