Dubai Ports to sell U.S operations to AIG unit
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State-owned Dubai Ports World said on Monday it had agreed to sell its American port operations to AIG Global Investment Group after relinquishing control of them earlier this year to allay U.S. national security concerns.
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WASHINGTON -- A Dubai-owned company will accept final bids within two weeks for the sale of all $700 million worth of its U.S. port operations to an American buyer, a plan forced by concerns over terrorism security.
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Dubai is paying $1.15 billion for the  global port assets of U.S.-based CSX Corp., outbidding the  world's two biggest container port operators to gain a foothold  in Hong Kong and access to booming China.
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The US Justice Department has opened a criminal probe into whether American International Group Inc. , the world's largest insurer by market value, helped a major banking client move bad loans off its books, AIG said yesterday.
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The Securities and Exchange Commission announced today the settlement of charges against American International Group revolving around the marketing of transactions that would remove possible volatile assets from the balance sheets of companies.
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DUBAI  - Dubai Ports International (DPI), a leading world port operator, announced it had acquired the international terminal business conducted by CSX World Terminals (CSXWT) for 1.15 billion dollars.
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Nasdaq Stock Market Inc. struck a complex deal to sell a 20-percent stake to the state-owned Borse Dubai in return for control of Sweden's leading stock market, but the plan met with some questions from U.S. politicians concerned it would raise security issues.
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American International Group Inc.  AIG.N, the world's largest insurer by market value, on  Wednesday said the U.S. Department of Justice opened a criminal  probe into one of its units over possible securities law  violations.
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The U.S. Justice Department has opened  a criminal probe into whether American International Group Inc.  AIG.N, the world's largest insurer by market value, helped a  major banking client move bad loans off its books, AIG said on  Wednesday.
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NEW DELHI General Electric said Monday that it planned to sell a majority stake in its Indian call-center unit to General Atlantic Partners and Oak Hill Capital Partners for $500 million to help the business gain customers.
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Between five and eight U.S.   companies are vying for the U.S. port assets of Dubai Ports   World in a second round of the sales process, the official   overseeing the sale said in a letter to U.S. lawmakers.
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American International Group Inc.  AIG.N agreed to pay $126 million and appoint an independent  monitor to settle allegations it helped two companies  fraudulently inflate earnings, U.S. authorities said on  Tuesday.
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ABB, the Swiss engineering company, will sell an oil and gas production plant, Lummus Global, to the Chicago Bridge and Iron Company for $950 million, ABB said. The buyout, subject to approval by regulators and Chicago Bridge shareholders, is expected to close in the fourth quarter, ABB said. ABBâs chief executive, Fred Kindle, said the sale was the final step in his companyâs strategy to focus on power and automation technology. Lummus Global provides proprietary process technologies, project management, engineering and procurement services to the oil and gas industry. It has 2,400 employees and reported sales of $988 million last year. Chicago Bridge is based in the Netherlands.
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The Securities and Exchange Commission is considering a civil action against American International Group Inc. and its AIG Financial Products Corp.
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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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The booming Gulf emirate of Dubai said on Monday it has bought the Queen Elizabeth 2, one of the world&#39;s most majestic cruise liners, for 100 million dollars from Cunard Line.
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American International Group Inc. (AIG.N: Quote, Profile, Research) agreed to pay $126 million and appoint an independent monitor to settle allegations it helped