aig

US Treasury to receive $5.75 bn from AIG stock sale


August 7th, 2012 - 1:36 pm ICT by IANS
Washington, Aug 7 (IANS) The US Treasury has said that it expected to receive $5.75 billion from the latest sale of the American International Group (AIG) stock, $750 million more ... Read more...

Posted in Business |

AIG pays back $1.5 bn to US Treasury


March 23rd, 2012 - 2:58 pm ICT by IANS
Washington, March 23 (IANS) The US Treasury Department said Thursday that American International Group (AIG) repaid an additional $1.5 billion, a further step to exit from the government's financial rescue ... Read more...

Posted in Business |

AIG reports fourth quarter profits


February 24th, 2012 - 2:10 pm ICT by IANS
New York, Feb 24 (IANS) American International Group (AIG) has reported a net income of $19.8 billion in the fourth quarter of 2011, gaining about 77 percent year-on-year thanks to ... Read more...

Posted in Business |

ICICI Lombard to insure 3.5 lakh homes in Goa


June 13th, 2011 - 4:29 pm ICT by IANS
Panaji, June 13 (IANS) One of India's biggest health insurance operators, ICICI Lombard Health Insurance Company (ICICI LHIC), will insure nearly 3.5 lakh households in Goa as part of the ... Read more...

Posted in Business |

Indian American ex-director violated Goldman Sach’s policies


March 24th, 2011 - 2:28 pm ICT by ANI
New York, Mar. 24 (ANI): Goldman Sachs Chief Lloyd Blankfein has told a federal court jury here that former Indian American director Rajat Gupta had breached the bank's confidentiality in telling hedge ... Read more...

Posted in World |

Taped call suggests Rajat Gupta told Rajaratnam about Goldman plans


March 16th, 2011 - 12:29 pm ICT by IANS
New York, March 16 (IANS) Rajat Gupta, a former Indian American Goldman Sachs director, told hedge fund tycoon Raj Rajaratnam the investment bank was considering buying a commercial bank, according ... Read more...

Posted in World |

Federal Bailout Costs Slated to Reduce TARP


October 6th, 2010 - 7:53 pm ICT by Pen Men At Work
October 6, 2010(Pen Men at Work): the U.S. Treasury recently announced that the federal bailout costs will reduce TARP to a great degree. The U.S. Treasury Department revealed that the federal ... Read more...

Posted in Business |

E-Mail Virus Lures Users With Porn Bait, Wrecks Havoc In Internet


September 12th, 2010 - 9:34 pm ICT by GD
By Ranjan Bhaduri Sep 12, (THAINDIAN NEWS) A new email virus is affecting millions of users worldwide as leading anti virus firms have reported. The email is using the age old trick of ... Read more...

Posted in Technology Industry News |

Computer virus promising free sex films causing havoc


September 12th, 2010 - 4:38 pm ICT by IANS
London, Sep 12 (IANS) A new e-mail virus that promises access to free sex films is wreaking some of the biggest businesses across the world. The 'trojan' virus with the subject 'Here ... Read more...

Posted in Sci-Tech |

Punjab Police recovers huge cache of heroin, ammunition


June 11th, 2010 - 1:41 pm ICT by ANI
Amritsar, June 11 (ANI): Punjab Police Special Operation Cell (SOC) has seized a huge cache of heroin and ammunition along the India-Pakistan border in Amritsar District.Addressing the media on Thursday, Additional Inspector ... Read more...

Posted in National |

Use of emails, computers making Aussie workers dumb


May 17th, 2010 - 3:16 pm ICT by ANI
Melbourne, May 17 (ANI): With increased usage of email and computers in workplaces, a new literacy problem in Australia's workforce has emerged, which are making skilled and educated workers dumb, according to ... Read more...

Posted in World |

Government would look into ULIP ban issue: Ashok Chawla


April 12th, 2010 - 3:38 pm ICT by ANI
New Delhi, Apr 12 (ANI): Finance Secretary Ashok Chawla on Monday said the ministry would look into the orders of the two regulators Securities and Exchange Bank of India (SEBI) and Insurance ... Read more...

Posted in Business |

Pay Czar Special Master Declares Pay Cut


March 24th, 2010 - 7:41 pm ICT by GD
By Meena Kar Washington, March 24, (THAINDIAN NEWS) Kenneth Feinberg, the special master for TARP Executive Compensation which is better known as "Pay czar" has declared that the top executives of five companies ... Read more...

Posted in Business |

US stocks gain on financial firms


March 10th, 2010 - 6:27 am ICT by IANS
New York, March 10 (DPA) Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past year. Boeing, General Electric, AT&T and ... Read more...

Posted in Business |

AIG sells Asian arm to Britain’s Prudential insurers


March 1st, 2010 - 8:35 pm ICT by IANS
London, March 1 (DPA) Britain's insurance giant Prudential (Pru) has reached agreement on a $35.5-billion deal to buy the Asian arm of embattled US insurer AIG, it was announced Monday. It said the ... Read more...

Posted in Business |

Wall Street ends slightly higher amid mixed economic data


February 27th, 2010 - 7:11 am ICT by IANS
New York, Feb 27 (IANS) US stocks fluctuated in a narrow range and ended slightly higher Friday as mixed economic data offered little help to investors who were eager to figure out ... Read more...

Posted in Business |

Colorado man sentenced for role in fraud scheme


February 23rd, 2010 - 3:30 am ICT by BNO News
DENVER, COLORADO (BNO NEWS) – A Colorado man was sentenced to five years in prison for his role in defrauding investors as part of a securities fraud scheme, prosecutors announced on Monday.Derek ... Read more...

Posted in Business |

AIG, Bank of America announce bonuses to employees


February 4th, 2010 - 1:31 am ICT by IANS
New York, Feb 3 (DPA) American International Group (AIG) planned to hand out 100 million dollars in bonuses to executives Wednesday, US media reported, despite public outrage over an insurer that has ... Read more...

Posted in Business |

Lawmakers want a testimony by Timothy Geithner


January 29th, 2010 - 12:34 am ICT by Aishwarya Bhatt
Washington DC, Jan 28 (THAINDIAN NEWS) US Lawmakers demanded a testimony by Treasury Secretary Timothy Geithner on the issue, whether the New York Federal Reserve Bank pressured the AIG to withhold ... Read more...

Posted in Business |

‘Hudson River Miracle’ plane being auctioned off


January 22nd, 2010 - 3:06 pm ICT by ANI
New Jersey, Jan 22(ANI): The Airbus A320 last flown by Capt. Chesley "Sully" Sullenberger, the plane that famously landed safely on the Hudson River after a flock of birds disabled its engines ... Read more...

Posted in World |

Full Review Of AIG Bailout Demanded By FRBNY


January 20th, 2010 - 6:08 pm ICT by GD
By Ranjan Bhaduri Jan 20, (THAINDIAN NEWS) The chairman of Federal Reserve has asked for a full review of the AIG bailout. Ben Bernanke, who serves as the Federal reserve Chairman 'wrote to ... Read more...

Posted in Business |

US Fed chief asks Congress to review AIG bailout


January 20th, 2010 - 4:16 am ICT by IANS
Washington, Jan 20 (IANS) US Federal Reserve chairman Ben Bernanke has requested Congress to review the involvement of his organisation in the bailout of insurance giant American International Group (AIG), Xinhua reported. In ... Read more...

Posted in Business |

Federal Reserve Of USA Generates High Profits


January 13th, 2010 - 9:01 pm ICT by GD
By Ranjan Bhaduri Jan 13, (THAINDIAN NEWS) The US Federal Reserve Bank made record profits in 2009. On Tuesday in declared that it made a gross profit of $52.1 billion. From that amount, ... Read more...

Posted in Business |

AIG Was Instructed By NY Fed To Keep Quiet On Bailout Issue


January 8th, 2010 - 6:28 pm ICT by GD
By Ranjan Bhaduri Jan 8, (THAINDIAN NEWS) The economic meltdown that started with the debacle of Lehman Brothers in 2008 and subsequently crippled US economy is quite well known. It forced a financial ... Read more...

Posted in Business |

AIG Bonus returning pledge is just an empty pledge


December 28th, 2009 - 11:48 pm ICT by Aishwarya Bhatt
New York City, Dec 28 (THAINDIAN NEWS) The American International Group better known as AIG, had pledged to return back the millions of dollars it had paid as bonuses to its staff-members. ... Read more...

Posted in Business |

AIG Bonus Pledge Remains Just That - An Unfulfilled Pledge


December 28th, 2009 - 6:26 pm ICT by GD
By Ranjan Bhaduri, Dec 28, (THAINDIAN NEWS) It was earlier this year that AIG or the American International group went on to claim that its downfall had been brought on by the $165 ... Read more...

Posted in Business |

AIG CEO Robert Benmosche gets a $7 million package


November 29th, 2009 - 7:40 pm ICT by Aishwarya Bhatt
New York, Nov 29 (THAINDIAN NEWS) The insurance company American International Group has announced that it will pay an annual package of $7 million in cash and stock combined to chief executive ... Read more...

Posted in Business |

AIG approves a $7 million package for CEO Robert Benmosche


November 26th, 2009 - 11:44 pm ICT by Aishwarya Bhatt
New York, Nov 26 (THAINDIAN NEWS) The insurance company American International Group has announced that it will pay an annual package of $7 million in cash and stock combined to chief executive ... Read more...

Posted in Business |

Suicide bomber kills three in Peshawar


November 9th, 2009 - 2:11 pm ICT by ANI
Peshawar, Nov 9 (ANI): At least three people were killed in the blast at a police picket set up on Ring Road at Patang Chawk area of Peshawar in the limits of ... Read more...

Posted in South Asia |

136 top US executives told to reduce pay packet by 50 percent


October 23rd, 2009 - 3:32 pm ICT by IANS
By Arun Kumar Washington, Oct 23 (IANS) President Barack Obama's 'pay czar' has slashed compensation of 136 top executives at seven biggest bailed-out companies, including Citigroup led by Indian American chief executive ... Read more...

Posted in Business |

AIG ex-chief to pay millions in fraud probe


August 7th, 2009 - 3:42 am ICT by IANS
Washington, Aug 7 (DPA) Two top former executives of troubled insurance giant American International Group (AIG) agreed Thursday to pay fines to settle charges by US regulators that they misled investors ... Read more...

Posted in Business |

Tata AIG ties up with Citibank for Premium


August 6th, 2009 - 7:43 pm ICT by IBNS
Kolkata, Aug 6 (IBNS) Tata AIG Life Insurance Company Limited (Tata AIG Life) today became the first life insurance company to launch NEFT mode for payment of renewal premiums by tying up ... Read more...

Posted in Business |

Oz Government still protecting foreign students, says Deputy PM


July 31st, 2009 - 1:43 pm ICT by ANI
Canberra (Australia), July 31 (ANI): Australia's Deputy Prime Minister and Education Minister Julia Gillard has said that her government is pulling out all stops to protect foreign students studying at Australian colleges.The ... Read more...

Posted in World |

Australia to back foreign students if college shuts


July 31st, 2009 - 12:54 pm ICT by IANS
Sydney, July 31 (IANS) Following the closure of a Sydney college where many Indians were studying, the Australian government has assured foreign students that they will be granted "a comparable place to ... Read more...

Posted in World |

AIG pulls out of National Housing Bank’s mortgage company


July 29th, 2009 - 10:41 pm ICT by IANS
Kolkata, July 29 (IANS) American International Group (AIG), the insurance giant bailed out by the US government, has pulled out from a proposed joint venture with National Housing Bank (NHB), a top ... Read more...

Posted in Business |

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