Posts Tagged ‘international group inc’

U.S. Treasury should make $15 billion profit on AIG bailout

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The U.S. government will likely make a $ 15.1 billion profit from bailing out insurance giant American International Group Inc., according to a congressional watchdog panel’s report. The Government Accountability Office report came out on Monday. The GAO said the size of the […]

U.S. insurance giant AIG has profit boosted by tax benefit

American International Group Inc. reported a profit of $ 19.8 billion for the fourth quarter of 2011, which was made possible by a large tax benefit the bailed-out insurer had after predicting it can keep generating profits in coming years. Article © AHN – All Rights Reserved Economy, Business And Finance Stories