AIG cuts government loan by $25 billion as it takes steps to spin off 2 insu...

AIG reduces government borrowings by $25 billion NEW YORK ? American International Group says it has slashed the amount of money it owes the government by $25 billion after moving two subsidiaries into special holding units ahead of their planned spinoffs or sale. The government is receiving $25 billion in preferred shares in the two life insurance [..] Read the original article: here.