Wall Street rises on Greek bets, Facebook falls 10 percent

NEW YORK - Stocks rose on Tuesday as signs Greece would stay in the euro zone were enough to spark buying in what has been a weak month for equities, while Facebook plumbed new lows on high volume.

» More Business News

Specialist banks cherry pick from lay-offs

LONDON - Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger rivals, cherry picking staff frustrated by new pay rules and uncertainty over strategy.

» More Small Business News

China denounces EU airline carbon law, seeks talks

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.

» More Green Business News

AIG will wait on AIA stake decision: CEO

A logo of AIA is seen during the company's global offering road show in Hong Kong October 6, 2010. REUTERS/Bobby Yip

A logo of AIA is seen during the company's global offering road show in Hong Kong October 6, 2010.

Credit: Reuters/Bobby Yip

Wed Feb 15, 2012 8:33am EST

(Reuters) - American International Group Inc (AIG.N) will take its time on deciding the future of its investment in Asian insurer AIA Group (1299.HK), AIG Chief Executive Bob Benmosche said on Wednesday.

Benmosche, speaking at a Bank of America Merrill Lynch insurance conference, said one option would be to raise AIG's one-third stake in AIA to 51 percent, in order to decrease the volatility that affects AIG's results every quarter.

(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Inflows Outflows

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.