AIG says potential derivatives loss not material
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American International Group Inc , the world's largest insurer, on Tuesday said potential losses on a derivatives portfolio were not expected to be material to the company.
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Wall Street was set to start softer on  Thursday with the insurance sector in the spotlight again after  American International Group AIG.N said it was being probed  by a federal grand jury.
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Dow component AIG says SEC staff may recommend action against it related to past transactions. NEW YORK (CNN/Money) - Insurer American International Group Inc.
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SYDNEY (Dow Jones)--Australian general insurer QBE Insurance Group Ltd. (QBE.AU) said losses from tsunamis that have swept Asia in recent days are not expected to have a material impact on earnings targets.
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WASHINGTON -- Freddie Mac, the nation's second largest buyer and guarantor of home mortgages, reported a first-quarter loss of $211 million, mainly from erosion in the value of financial instruments it uses to hedge against interest rate swings.
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America&#39;s largest insurer is in hot water again with regulators. American International Group (AIG ) said on Oct. 4 that officials at the Securities &amp; Exchange Commission and the Justice Dept.
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The &quot;Wells notice&quot; stems from an SEC probe into transactions that AIG Financial Products, the parent&#39;s derivatives unit, structured for PNC Financial of Pittsburgh in 2001.
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Wall Street was set to start softer on Thursday with the insurance sector in the spotlight again after American International Group (AIG.
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Investors appeared to put aside their concerns about tighter credit availability, signs that the economy may be slipping and uncertainty about what the Fedâs next move will be.
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American International Group Inc.  AIG.N agreed to pay $126 million to settle allegations it  helped companies fraudulently inflate earnings, the U.S.  Securities and Exchange Commission said on Tuesday.
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Unfortunately, your portfolio gains can mean someone else's loss.
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An Australian hedge fund felled by its  exposure to risky credit derivatives filed for bankruptcy  protection in the United States, and liquidators on Thursday  were assessing how much money, if any, would be returned to  investors.
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Policy-makers assured nervous investors on Friday that the United States was not heading into recession and stock market losses did not warrant central bank intervention.
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The shares of American International  Group Inc  fell and its debt protection costs rose on  Thursday after reports that the world's largest insurer might  be facing a large securities write-down when it reports  third-quarter earnings on November 7.
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The world&#39;s largest insurer by market value is the target of a criminal investigation by the US Justice Department. American International (AIG) is accused of helping a banking client commit fraud and keep
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American Airlines&#39; parent AMR Corp. (AMR.N: Quote, Profile, Research) on Wednesday posted a third-quarter loss as record-high oil prices battered its bottom line and threatened to make fourth-quarter losses even larger.
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US stocks were mixed on Monday as worries about increased credit losses at American International Group (NYSE:AIG) added to fears that US companies face further credit-related turmoil.