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Tuesday, November 22, 2011

Takeover Digest - New York Times business news - Nov 22, (NYSE: AIG)

The New York Times reported the following stories on its business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. * Scientists at Facebook and the University of Milan reported on Monday that the average number of acquaintances separating any two people in the world is not six but 4.74.* As the nation seeks ways to create jobs, critics say many big companies are squandering resources on share repurchases at the expense of investing in future growth.* An hour after committee leaders announced the panel's failure by e-mail, President Obama said the deficit would be cut by $1.2 trillion "one way or another."* Maurice R. Greenberg, the former chief of American International Group Inc, contends that the takeover of the insurer in the fall of 2008 was improper and that the Fed breached its duty to A.I.G. shareholders.

American International Group, Inc. (AIG) is an international insurance organization, serving customers in more than 130 countries. Shares of AIG fell by 3.98% or $-0.87/share to $21.01. In the past year, the shares have traded as low as $20.28 and as high as $62.87. On average, 6892710 shares of AIG exchange hands on a given day and today's volume is recorded at 5561780.



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