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	<title>Stock Blog Hub &#187; AGF</title>
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		<title>(AIG) American International Group Posts Slightly Smaller Loss Then Forecasted</title>
		<link>http://www.stockbloghub.com/2011/02/28/aig-american-international-group-posts-slightly-smaller-loss-then-forecasted/67659</link>
		<comments>http://www.stockbloghub.com/2011/02/28/aig-american-international-group-posts-slightly-smaller-loss-then-forecasted/67659#comments</comments>
		<pubDate>Mon, 28 Feb 2011 16:29:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AGF]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[FIG]]></category>
		<category><![CDATA[Fortress Investment Group LLC]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[PowerShares DB Agriculture Long ETN]]></category>
		<category><![CDATA[PRU]]></category>
		<category><![CDATA[Prudential Financial Inc.]]></category>

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		<description><![CDATA[American International Group Inc. (AIG) reported fourth quarter operating loss of $2.21 billion or $16.20 per share, slightly below the Zacks Consensus Estimate of a loss of $16.98 per share but higher than the net loss of $1.34 billion or $9.88 per share in the year-ago quarter. On a GAAP basis, AIG reported a net income of $11.18 billion or $16.60 per share as compared with a net loss of $8.87 billion or $65.51 per share in the year-ago quarter. The reported quarter included deferred income tax valuation allowance charge, FRBNY total amortization and net realized capital losses on SunAmerica DAC, marginally offset by gain from divested businesses and discontinued operations along with non-qualifying derivative hedging and net realized capital gains. Although results appeared sluggish due to AIG’s ongoing business ]]></description>
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		<title>($AIG) AIG Announces Sale of Japan-based Star &amp; Edison Units</title>
		<link>http://www.stockbloghub.com/2011/02/03/aig-aig-announces-sale-of-japan-based-star-edison-units/66222</link>
		<comments>http://www.stockbloghub.com/2011/02/03/aig-aig-announces-sale-of-japan-based-star-edison-units/66222#comments</comments>
		<pubDate>Thu, 03 Feb 2011 17:22:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
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		<category><![CDATA[AGF]]></category>
		<category><![CDATA[AIG]]></category>
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		<category><![CDATA[Fortress Investment Group LLC]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[PowerShares DB Agriculture Long ETN]]></category>
		<category><![CDATA[PRU]]></category>
		<category><![CDATA[Prudential Financial Inc.]]></category>

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		<description><![CDATA[After the successful completion on the recapitalization front last month, yesterday American International Group Inc. (AIG) announced the sale of its Japan-based AIG Star Life Insurance Co. (Star) and AIG Edison Life Insurance Co. (Edison) to Prudential Financial Inc. (PRU) for the agreed price of $4.8 billion. The sale price comprises cash payment of $4.2 billion while the remaining $600 million is assumed as a third-party debt. On September 29, 2010 AIG had agreed to sell Star and Edison to Prudential Financial, whereby the deal was scheduled for the first half of 2011. However, AIG will continue to retain its remaining insurance operations in Japan. AIG has been working for the past several quarters to sell its unnecessary businesses in an effort to repay the bailout money. In the recent ]]></description>
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		<title>(AIG) AIG Plans to Sell Consumer Finance Unit, American General Finance</title>
		<link>http://www.stockbloghub.com/2010/05/30/aig-aig-plans-to-sell-consumer-finance-unit-american-general-finance/38909</link>
		<comments>http://www.stockbloghub.com/2010/05/30/aig-aig-plans-to-sell-consumer-finance-unit-american-general-finance/38909#comments</comments>
		<pubDate>Sun, 30 May 2010 17:09:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AGF]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
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		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[PowerShares DB Agriculture Long ETN]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

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		<description><![CDATA[In order to attain funds for repaying the government’s bailout amount, on Wednesday, American International Group Inc. (AIG) reportedly publicized its intentions to vend off its consumer finance unit, American General Finance (AGF), according to the Financial Times. However, the amount AIG expects to raise from the AGF sale or the preference of any buyer remains undisclosed. AGF constitutes 1,200 branches with 1 million customers across the U.S. In 2009, this AIG unit recorded an operating loss of $800 million due to loan defaults in lower-income consumers segment that soared given the downturn in the funding market. Hence, AIG has been reportedly hunting for potential buyers and has appointed Bank of America Merrill Lynch, a wing of Bank of America Corp. (BAC) to organize and sell its non-core consumer finance ]]></description>
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