At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
NEW YORK - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts. | Video
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
AIG sees $60 billion loss, no plans for bankruptcy: source
NEW YORK |
NEW YORK (Reuters) - American International Group Inc expects to report a fourth-quarter loss of about $60 billion, a source familiar with the matter said on Monday.
The troubled insurer has also retained the law firm Weil, Gotshal & Manges, but has no plans to file for bankruptcy, the source said.
(Reporting by Paritosh Bansal; editing by Jeffrey Benkoe)
(For more M&A news and our DealZone blog, go to www.reuters.com/deals)
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