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AIG Announces Investment in MicroCred Nanchong
AIG to Own 18% of MicroCred Nanchong and To Be Exclusive Provider of Micro
Insurance to MNC’s Clients for Two Years
BEIJING & NEW YORK, Aug 26, 2008 (BUSINESS WIRE) — American International Group,
Inc. (AIG) today announced that it has acquired 18 percent of MicroCred Nanchong,
China (MNC) and the exclusive right to [...]

NEW YORK (MarketWatch) — Lehman Brothers led financial sector stocks lower
Tuesday at the open, as reports intensified that the New York investment bank is
busy hawking its asset management unit Neuberger Berman. Lehman shares dropped
6.3%, followed by insurer American International Group whose shares fell 4.6%.
After plummeting the previous day, Fannie Mae and Freddie Mac clawed back [...]

Merrill’s Fire Sale Might Leave A Lot Of Fingers Burned
Last Update: 7/29/2008 9:03:18 AM
By Andrew Dowell and Ed Welsch
Of DOW JONES NEWSWIRES
Merrill Lynch & Co.’s (MER) fire sale of toxic assets might burn some other
fingers on Wall Street.
In the world of complex and infrequently traded securities, the venerable
investment [...]

US HOT STOCKS: Nautilus, Schering-Plough, Timken, TransAlta-2-
Last Update: 7/21/2008 11:58:36 AM
Among the companies whose shares are actively trading in Monday’s session are
Genentech Inc. (DNA), Bank of America Corp. (BAC) and Yahoo Inc. (YHOO).
Genentech Inc. (DNA, $92.45, $10.63, 12.99%) rose following an offer by Swiss
drug maker Roche Holding AG (RHHBY, $88.10, $0.00, 0.00%) to buy the [...]

* American International Group (AIG) said it will take $5 billion in losses of sales of investments from a dozen insurance units hurt by the subprime situation. AIG plans to inject some capital into these subsidiaries, according to Christopher Swift, vice president for life and retirement services.
[...]