Shares in insurance giant American International Group (AIG) fell another 63% on Wall Street today amid concerns of a deepening cash crisis at the firm.

Manchester United’s embattled sponsor American International Group (AIG) was today granted a $20bn (€14bn) lifeline to shore-up its finances.

Manchester United sponsor American International Group (AIG) is today preparing to launch a major restructuring effort to save its battered finances.

Wall Street started the week with a mixed finish today as investors weighed up volatility in oil prices and new hope for the financial sector after Lehman Brothers posted results.

HOLLYWOOD film star and philanthropist Paul Newman last night accepted a donation of $1 million (€738,000) to be spent on Irish children with cancer.

AMERICAN International Group (AIG) the insurer under fire from regulators for improper accounting, said yesterday that it overstated net income for the past five years by $3.9 billion (€3.1bn), or 10%.

THE investigation into the activities of American International Group (AIG) has taken another twist after the company agreed not to destroy any documents held in its Irish subsidiary.

Nagging worries about inflation bogged Wall Street down today with investors sending stocks lower as they tried to reconcile solid economic and earnings news, reports of anthrax discovered at the Pentagon, and a gloomy outlook on semiconductor stocks.

Wall Street managed a moderate gain today in a volatile session that saw investors alternating between worries about interest rates and delight in a new wave of merger deals.

An analysis of global tax havens has reportedly found that Ireland is the most profitable country in the world for US corporations.