Breaking News about AIG:

Former AIG Boss Hank Greenberg Bets On Obamacare

Source: Business Balla | Feb 17 2014, 5:10pm CST | by Forbes

Maurice “Hank” Greenberg, who built AIG into an insurance powerhouse, bought medical claims processor MultiPlan for $4....
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A Bleak Future Awaits Bank Of America

Jul 30 2014 12:25pm CDT | Source: BidnessEtc

Shares of Bank of America Corp (BAC) are up 0.32% year-to-date compared to Citigroup Inc. (C) and Goldman Sachs (GS), whose stocks have declined by 3.64% and 0.19%, respectively. However, Bank of America’s year-to-date stock performance is quite shaky compared to Wells Fargo (WFC) and JP Morgan Chase & Co. (JPM), which have increased 13.41% and 1.83% in value, respectively. Performance Highlights Bank of America reported total ...
Full article at: BidnessEtc


Here's How to Make Sure AIG Is on the Right Track

Jul 28 2014 6:00am CDT | Source:

AIG cleaned up it's mess, but how do you make sure it ...
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Latest stories

OPEC daily basket price closes lower
Vienna, July 31 (IANS) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.21 a barrel Wednesday, against $105.44 Tuesday, according to the OPEC Secretariat. | by IANS
Ebola outbreak not a global threat: Report
London, July 31 (IANS) The deadly Ebola virus does not pose a global threat, a latest report has claimed, adding that as long as the virus continues to infect people in Liberia, Guinea and Sierra Leone, there is small risk of more long-distance export of the disease. | by IANS
Getting chatty with meow chat
New York, July 31 (IANS) A new chat app is on the prowl, stalking users on social networks like a cat. | by IANS

Does This Man Deserve Credit for AIG's Turnaround

Jul 25 2014 6:00am CDT | Source:

Robert Benmosche came in as the AIG CEO, out of retirement, to turn t ...
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How Central Banks Are Ruining The Insurance Business

Jul 22 2014 3:32am CDT | Source: SeekingAlpha

By SL Advisors: Editor's note: Originally published on 30 June, 2014 by Simon Lack Denis Kessler, CEO of Scor, a large reinsurer, is the most recent critic of today's low interest rate environment. It's not only the stereotypical retiree clipping bond coupons that is suffering from current interest rate policy. Insurance companies typically hold substantial amounts of their investment portfolios in bonds, both because ...
Full article at: SeekingAlpha


3 tips for partnering with community nonprofits

Jul 18 2014 12:34pm CDT | Source: Nashville Business Journal

As a member of Nashville’s business community, and a resident here for 23 years, I applaud corporate initiatives that benefit local nonprofit organizations. Below are some best practices that may be helpful when considering a community partnership. First, seize the opportunity, even if you’re not initially sure what to anticipate from the partnership or people. AIG Life and Retirement is teaming with The Arc Davidson County, a grassroots charitable organiz ...
Full article at: Nashville Business Journal


Bank of America profit drops to $2 billion on higher legal bills

Jul 17 2014 4:54am CDT | Source: Albany Business Journal

Bank of America Corp. (NYSE:BAC) net income plunged 43 percent in the second quarter with a $2 billion profit for shareholders as legal expenses again undermined income. BofA says it recorded a $4 billion charge for litigation expenses in the most recent quarter, including a $650 million settlement to resolve a dispute with insurer AIG over bad mortgages. With net income of $2 billion, BofA earned 19 cents per share in the second quarter. Analysts ...
Full article at: Albany Business Journal


Panic alert system being introduced in Islamabad police

Jul 16 2014 10:25am CDT | Source: The Nation - Pakistan

ISLAMABAD- The Help line of Islamabad Police-Rescue 15- is basically established to serve the people in case of emergency and its performance will be further improved with cooperation of citizens.  It was stated by AIG (Operations) Sultan Azam Temuri while speaking with members of Citizens Police Coordination Committee here at Rescue 15. ASP Ramna Zahida Bukha ...
Full article at: The Nation - Pakistan


2Q profits drop sharply at Bank of America

Jul 16 2014 10:05am CDT | Source: Buffalo Business First

Second-quarter net income at Bank of America tumbled 43 percent due to the Charlotte bank’s ongoing elevated legal expenses. Net income available to common shareholders totaled $2 billion, or 19 cents per share, for the quarter ending June 30. That’s down from the same time in 2013 when net income was $3.6 billion, or 32 cents per share. Bank of America said it incurred $4 billion in mortgage-related legal bills during the quarter, includi ...
Full article at: Buffalo Business First


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