AIG approved to sell group insurance in China
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American International Group Inc.   said on Friday that one of its units had received  approval from local Chinese regulators to provide group  insurance there, as the world&#039;s largest insurer makes a push to  boost its business in the world&#039;s most populous nation.
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AIG&#39;s  private banking unit is  aiming to take 10 percent of Taiwan&#39;s wealth management market  within five years, targeting residents who have made big money  in China, a top executive said on Tuesday.
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A consortium led by Citigroup Inc.   has won final regulatory approval for its $3.1 billion  purchase of 85.6 percent of Guangdong Development Bank (GDB),  the China Banking Regulatory Commission said on Monday, paving  the way for a restructuring of the troubled southern China  lender.
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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 International Group, one of the world&#39;s largest insurance companies, has said that the Justice Department had begun a criminal investigation of one of its units over possible violations of federal securities laws.
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The storm over the U.S. insurance  industry took a new turn Thursday when American International  Group Inc. AIG.N said a federal grand jury is investigating  products it sold that companies might have used to massage  earnings.
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Banking and insurance conglomerate ING GroupÂ has finalized contracts worth â¬750 million ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe.
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NEW YORK/LONDON  - Aon Corp, one of the world's largest insurance brokers, said on Monday it has agreed to sell two units for about $2.75 billion and will use the proceeds to buy back shares.
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Ping An Insurance (Group) Co. Ltd.  (2318.HK), China's second-largest life insurer, plans to sell  up to 1.15 billion A-shares worth an estimated US$4 billion  (2.17 billion pounds) to replenish its capital.
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Aon Corp  one of the world's largest insurance brokers, said on Monday that it has agreed to sell two units for about $2.75 billion, and will devote the proceeds of the deal to a share buyback.
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HARTFORD, Connecticut  - A transaction at a reinsurance unit of Berkshire Hathaway Inc that federal prosecutors say defrauded American International Group Inc  investors was endorsed by Warren Buffett, a lawyer for one of five defendants on trial for fraud said on Monday.
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International Business Machines Corp. agreed to sell its personal computing business to China&#39;s largest computer maker, Lenovo Group Ltd.
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American International Group Inc.  AIG.N on Monday said it received new subpoenas from New York  Attorney General Eliot Spitzer and the U.S. Securities and  Exchange Commission related to insurance products that might  help companies smooth earnings or hide losses.
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International Management Group, a sports and celebrity management and marketing firm that has represented Tiger Woods, Joe Montana and Derek Jeter, is being sold to a New York buyout specialist firm in a cash deal valued at more than $700 million.
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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
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American International Group , the world's largest insurer, said on Sunday it will offer its first insurance coverage complying with Islamic law, tapping a market that could be worth $15 billion by 2015.
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NEW YORK/LONDON  - Aon Corp , one of the world's largest insurance brokers, said on Monday it has agreed to sell two units for about $2.75 billion and will use the proceeds to buy back shares.