AIG sells Alico unit to MetLife for $15.5 billion

2010-03-08T14:45:28Z

<div id="subtitle">AIG sells Alico to MetLife for $15.5B in ongoing bid to payback government</div><div><p>American International Group Inc. said Monday that it will sell its Ameri...

MetLife seals Alico deal after two-year quest

2010-03-08T13:30:23Z

<div><p>NEW YORK (Reuters) - MetLife Inc <MET.N> pursued AIG's <AIG.N> foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Banglad...

US insurer MetLife to buy AIG unit for $15.5 bln

2010-03-08T07:01:00Z

<div><p>US life insurance giant MetLife will acquire a unit of American International Group in a 15.5-billion-dollar deal that will help AIG pay back part of its government bailout, the firms said Monday.</p><p>MetLife will take over MetLife will acquire a unit of American International Group in a 15.5-billion-dollar deal that will help AIG pay back part of its government bailout, the firms said Monday.</p><p>MetLife will take over American International Group and MetLife will on Monday announce a $15.5 billion deal for AIG's second-largest foreign life-insurance business, The Wall Street Journal reported.</p><p>The complex deal would leave

AIG set for big deal with MetLife: report

2010-03-08T02:15:47Z

<div><p>US insurance giants American International Group and MetLife will announce a 15.5-billion-dollar deal Monday for AIG's second-largest foreign life-insurance business, The Wall Street Journal reported.</p><p>The complex deal would leave ...

Bumpy ride for corporate giving amid recession

2010-03-05T12:00:08Z

<div><p>NEW YORK (Reuters) - Giving by U.S. companies endured the worst recession in decades with mixed results as some pared back philanthropy in the face of tough times, others increased budgets and most predicted a steady 2010.</p><p>The economic downturn sparked some changes in giving priorities as well, with several companies placing more import...

MetLife near $15 billion deal for AIG unit

2010-03-04T15:17:52Z

<div><p>NEW YORK (Reuters) - A tax question holding up American International Group Inc's <AIG.N> sale of its foreign life insurance unit to MetLife Inc <MET.N> is expected to be resolved favorably, clearing the way for a roughly $15 billio...

MetLife may pay AIG in stock, cash for unit: source

2010-02-22T10:33:52Z

<div><p>NEW YORK (Reuters) - MetLife Inc &lt;MET.N&gt; plans to pay American International Group Inc &lt;AIG.N&gt; in stock and cash for Reuters) - MetLife Inc &lt;MET.N&gt; faced a possible credit ratings downgrade and its shares dropped more than 4 percent on Wednesday, a day after the biggest U.S. life insurer confirmed it was in talks but hadn't reached a deal to buy a unit of Reuters) - MetLife Inc's &lt;MET.N&gt; fourth-quarter earnings fell 70 percent because of investment losses, but its operating profit beat Wall Street expectations by a penny on Tuesday as the credit market began to thaw boosting revenues at ...

MetLife profit falls 70 percent on higher claims

2010-02-22T12:33:55Z

<div id="subtitle">MetLife earnings fall 70 percent as claims increase; In talks to buy insurance unit from AIG</div><div><p>MetLife Inc., a leading life insurance company, says its profit tumbled 70 percent in the fourth quarter as it paid out more in claims and benefits.</p><p>The company also confirmed Tuesday that it's in talks with MetLife expected to turn profit in 4th quarter, could seek acquisition</div><div><p>MetLife Inc. is expected to continue to show that it's one of the strongest national life insurers when it reports fourth-quarter results Tuesday afternoon.</p><p>In December, the New York-based i...

Owners: $5.4B NY housing complexes go to creditors

2010-02-22T15:28:15Z

<div id="subtitle">Owners: 2 NYC apartment complexes bought for record $5.4B will be turned over to creditors</div><div><p>Like many homeowners who owe more than their properties are worth, the heavy hitters behind the most expensive real estate deal in U.S. history are giving up the two massive apartment complexes they bought...

Tishman, BlackRock quit huge NYC housing complex

2010-02-22T15:25:59Z

<div><p>NEW YORK (Reuters) - A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in

MetLife near deal for AIG international life unit

2010-02-22T18:08:02Z

<div id="subtitle">Insurer MetLife reportedly in talks to buy AIG's Alico unit for $14B-$15B</div><div><p>American International Group Inc. is in talks with MetLife Inc. to sell one of it's largest insurance units for between $14 billion ...

Retiree Annuities May Be Promoted by Obama Aides

2010-02-22T20:44:32Z

<div><p> By Theo Francis </p><p> [Bloomberg] -- The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged. </p><p> The Reuters) - MetLife Inc &lt;MET.N&gt; forecast 2010 earnings that could beat average Wall Street expectations, helped by cost cuts, improved investment returns and higher revenue, but said it did not see a return to historical growth levels un...

AIG approves pay package for CEO Benmosche

2010-02-24T00:59:06Z

<div id="subtitle">AIG's board approves compensation package for CEO Benmosche</div><div><p>American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock.</p&a...

FINRA fines MetLife Securities, affiliates

2010-02-24T03:49:07Z

<div id="subtitle">FINRA fines MetLife Securities, affiliates $1.2 million over e-mail supervisory failures</div><div><p>A MetLife Inc. subsidiary and three other affiliates have been fined a total $1.2 million for alleged failures to ensure supervisors could review brokers' e-...

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