New York State Throws Big Insurer a Lifeline

Courtesy NYT > Business  Mon, 09/15/2008 - 14:13

The state will allow A.I.G. to borrow $20 billion from its subsidiaries to bolster its capital as it faces huge credit downgrades.


 

More related items

AIG shares tumble as it fights for a lifeline
Shares of AIG fell Tuesday as investors questioned whether the huge insurer would come up with more money to stay in business and avoid igniting even...

Rush Is On to Prevent Big Insurer From Failing
State insurance regulators and executives of A.I.G. rushed on Sunday to arrange a capital infusion to stabilize the company in the face of possible...

Talk of GM bankruptcy filing fuels debate
The nation’s top auto executives are on Capitol Hill this week begging for a lifeline, but the request is just a tad more desperate for General...

Securities Firm Downgrades Viacom Stock
Wunderlich Securities downgrades Viacom from "buy" to "neutral" due to weakening ad market.

JayBird JB-200i-01 Bluetooth Stereo Headset for iPod (Black)
It's all the rave!! Do you need a small Bluetooth stereo headset that is out of the way and performs exceptionally well for any setting?One that is...

Ameriphone SR200 Super Loud Telephone Ringer
The Super Phone Ringer generates a loud ring to let you know when a call comes in. With adjustable volume and tone control, you will never miss a...

Motorola H680 Bluetooth Headset (Midnight)
With style that speaks volumes , the slim and discrete Motorola H680 Bluetooth Headset provides powerful talk times and elegant design to keep you in...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com