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Written by The News Agent
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Monday, 01 March 2010 |
AIG is one of the biggest insurance groups in the United States, and their performances for the past year have been particularly disappointing. In fact, the company even reported grim fourth-quarter results recently, which further pulled the company’s stocks down in the market.
Generally, the market today received a welcoming news that AIG has made plans to sell its Asian life insurance business to Britain’s largest insurer, namely Prudential PLC. In fact, with the sale at sight, AIG stands a chance to get reimbursed with $35.5 billion dollars in sale. And if the sale does goes through, this would mean that AIG might be able to reduce their overall government aid which stands at $129.3 billion dollars.
Do you think that AIG will survive the market onslaught?
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