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AIG Is Target of Grand Jury Investigation

NEW YORK (Reuters) - American International Group Inc., the world's largest insurer by market value, said on Thursday it was the target of a federal grand jury investigation into products that prosecutors say were concocted to help companies manage their earnings. The grand jury probe comes shortly after New York Attorney General Eliot Spitzer charged broker Marsh & McLennan Cos. Inc. with colluding with AIG and other insurers to fix insurance prices. AIG is also the subject... : AIG Is Target of Grand Jury Investigation

New York to Audit AIG Over Workers Comp

NEW YORK (Reuters) - Regulators plan to audit American International Group Inc. to see how it booked tens of millions of dollars in premiums for workers' compensation, New York State's attorney general said on Tuesday as he stepped up his probe of the embattled insurance company. The attorney general, Eliot S... : New York to Audit AIG Over Workers Comp

Spitzer Says AIG Misled Public

WASHINGTON (Reuters) - New York Attorney General Eliot Spitzer on Sunday accused American International Group Inc.'s (AIG.N: Quote , Profile , Research ) once powerful chairman of misleading the public about some of the company's dealings and said his investigation will turn on "what we will prove -- or can prove -- that (he) knew at the time." "That company was a black box run with an iron fist by a CEO who... : Spitzer Says AIG Misled Public

Stocks to Watch Friday

NEW YORK (Reuters) - Stocks to watch on Friday: MICROSOFT CORP. (MSFT.O: Quote , Profile , Research ) : The world's largest software maker will suffer serious harm if it is forced to provide a version of Windows without Windows Media Player audio-visual software, its lawyer told a European Union court. The stock closed at $27.65 on Thursday on the Nasdaq. CYTEC INDUSTRIES INC. (CYT.N: Quote , Profile , Research ) : The U.S. specialty chemical compan... : Stocks to Watch Friday

Judge Approves Citigroup Settlement

By Paul Thomasch NEW YORK (Reuters) - A federal judge on Friday approved Citigroup Inc.'s $2.6 billion settlement with WorldCom Inc. investors who lost billions when an accounting scandal plunged the telecommunications company into bankruptcy protection. With the settlement approved, Citigroup (C.N: Quote , Profile , Research ) has resolved one of the biggest class action lawsuits resulting from a string of corporate scandals over recent years. The world's largest financial se... : Judge Approves Citigroup Settlement
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