Subscribe to Active Senior OnlineNews FeedSubscribe to Active Senior OnlineComments

Browse > Home / News / EXCLUSIVE: AIG near deal on new terms of U.S. bailout (Reuters)

EXCLUSIVE: AIG near deal on new terms of U.S. bailout (Reuters)

February 28, 2009 by Syndication  
Filed under News

Print This Post

In this Sept. 16, 2008 file photo, an American International Group office building is shown in New York. Nearly six months after American International Group Inc. got its first massive bailout from the government, it is still stumbling. Expectations are that AIG and the government will announce soon, perhaps as early as Monday, March 2, 2009, their latest plan to prop up the New York-based company. AIG has confirmed it will report its fourth-quarter earnings on Monday before the market opens. (AP Photo/Mark Lennihan, File)Reuters - American International Group Inc is close to a deal with the U.S. government that would ease the terms of its bailout, provide a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday.


Tags:

Enter Google AdSense Code Here

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.