U.S. lawmakers move to strip AIG executives of bonuses

    WASHINGTON, March 17 (Xinhua) -- Lawmakers at U.S. Congress vowed on Tuesday to all but strip executives of the troubled American International Group (AIG) of their 165 million dollars in bonuses.

    House and Senate Democrats were crafting separate bills to tax up to 100 percent of generous bonuses awarded by AIG and other companies rescued by taxpayer money, according to U.S. media reports. Full story

Report: AIG to pay millions in bonuses despite gov't pressure

    WASHINGTON, March 14 (Xinhua) -- Insurance giant American International Group, which has received 173 billion U.S. dollars in federal bailout cash, will still give its senior employees tens of million of dollars in bonuses, The Washington Post reported. Full story

White House: Latest aid to AIG is critical

    WASHINGTON, March 2 (Xinhua) -- The U.S. government's latest aid to the troubled insurance giant American International Group (AIG) is critical, White House spokesman Robert Gibbs said Monday.

    While answering questions raised by reporters, Gibbs did not rule out future help for the ailing insurer. Full story

AIG to get additional $30 bln aid from U.S. gov't

    NEW YORK, Mar. 1 (Xinhua) -- American International Group Inc. (AIG) will receive up to an additional 30 billion U.S. dollars in federal assistance as part of the latest revamp of its government bailout, the Wall Street Journal reported Sunday.

    The new funding is intended to support AIG as it absorbs 60 billion dollars in quarterly losses and operational and competitive upheaval. Full story