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Dow Closes Under 6,800 for First Time Since 1997

U.S. stock markets plunged by 4 percent to close at the lowest levels in nearly 12 years, igniting fresh concern over the depth of the financial crisis and where the bear market would find a bottom.

 

A.I.G. Reports $61.7 Billion Loss as U.S. Gives More Aid

A.I.G. Reports $61.7 Billion Loss as U.S. Gives More Aid

The federal government agreed Monday to provide an additional $30 billion in taxpayer money to the insurer, even as it reported the biggest quarterly loss in history.

 

AIG board approves revised bailout package: source

AIG board approves revised bailout package: source

American International Group Inc's board approved the latest overhaul of a U.S. government rescue on Sunday that includes $30 billion in new equity and other measures aimed at bolstering the struggling insurer, according to a source familiar with the matter.

 

AIG near deal on new terms of U.S. bailout

AIG near deal on new terms of U.S. bailout

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.

 

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