AiA

Aerospace Industry Increasingly Fearful of Fiscal Cliff Cuts

When the Aerospace Industries Association held its big annual gathering this week, the talk wasn't about America's superior aircraft and spacecraft. The subjects that dominated the event were the fiscal cliff, sequestration, and the potential damage that automatic spending cuts could do.

AIG Raises $17.8 Billion with Hong Kong IPO

AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, putting the troubled insurer on track to repay its U.S. government bailout. AIG placed 7.03 billion shares at HK$19.68 a share, Bloomberg News said. The shares sold represent a 58% stake in the unit, AIA.

AIG Sets Deadline for Talks With Investors Ahead of AIA's IPO

American International Group (AIG) will make a decision by early next week about whether to begin formal negotiations with strategic investors for its Asian life insurance unit AIA, Reuters reported. Insurer AIG has been considering selling stakes in AIA to strategic investors ahead of the unit%u2019s planned IPO. Several Chinese investors had expressed an interest in taking a stake.