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American General Finance posts $535 million loss (Evansville Courier & Press)
American General Finance, Inc., has seen one of its most important sources of income — the issuance of debt — dry up. That’s what the company said in a recent regulatory filing. American General Finance, based in Evansville, suffered a comprehensive loss of $535.7 million in the third quarter of 2008. The company is a subsidiary of American International Group.
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AIG Cuts Executive Pay And Bonuses (FOX 7 WTVW Evansville)
(New York, NY) -- Pay hikes are nonexistent for 50 executives of American International Group while CEO Edward Liddy will receive only one dollar in salary this year and next.
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American General Finance closes S. Green River branch (Evansville Courier & Press)
American General Financial Services has closed its branch at the corner of South Green River Road and Covert Avenue.
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American General Finance closing branches (Evansville Courier & Press)
An American General Financial Services branch in Evansville will be closed as part of a plan to close 175 of the company’s branches throughout the country. American General Finance, based in Evansville, is a subsidiary of American International Group. Peter Tulupman, an AIG spokesman, wasn’t sure early today which Evansville branch would be closed. “The closings were taken to better ...
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American General Finance closing branches (The Gleaner)
EVANSVILLE -- American General Financial Services is closing 175 branches throughout the country.
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American General Finance's ratings lowered (Evansville Courier & Press)
A ratings agency lowered its assessment of American General Financial Services on Monday. Fitch Ratings downgraded the company’s rating for long-term issuer default and senior-unsecured debt from “A” to “BBB.” Though lower, the designations are still considered to be investment grade.
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American General Finance Closing Branches (FOX 7 WTVW Evansville)
American General Finance plans to close at least one of its Evansville branches. A company spokesman says one Evansville office and one in Kentucky, as well as several others across the country, will be closed to help make the company more attractive to potential buyers.
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American General Finance Parent AIG to Report Third Quarter 2008 Earnings and Hold Conference Call (Business Wire via Yahoo! Finance)
EVANSVILLE, Ind.----American International Group, Inc. will report its third quarter 2008 results on Monday, November 10, 2008 at 6:00 a.m. EST. AIG's earnings release and financial supplement will be available in the Investor Information section of www.aigcorporate.com following the filing of AIG's Form 10-Q for the period ended September 30, 2008.
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AIG's Lender to Close 178 U.S. Branches, Cut 380 Jobs (Update2) (Bloomberg)
Nov. 12 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., will close 178 branches at the money-losing consumer finance unit it is trying to sell, eliminating about 380 jobs.
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Government provides new aid to AIG (Evansville Courier & Press)
WASHINGTON – The government on Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership.
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