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It was the second major deal AIG completed this month to raise cash. On March 1, AIG agreed to sell its Asia-based life insurer, AIA Group, to Britain's Prudential PLC for $35.5 billion.
MetLife will get a much larger presence in Japan as well as high-growth markets in Europe, the Middle East and Latin America. Alico operates in more than 50 countries.
In the deal announced Monday, MetLife will pay $6.8 billion in cash for Alico. The rest will be
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A mother comforts her crying child in Dogo Nahwa, Nigeria, on Monday. More than 200 people, most of them Christians, were slaughtered on Sunday in central Nigeria, according to residents, aid groups and journalists.
Rioters armed with machetes slaughtered more than 200 people including a 4-day-old
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Shirley Phelps-Roper, a member of the Westboro Baptist Church of Topeka, Kan., protests in front of the Pennsylvania Statehouse in 2006. Members of the church have picketed military funerals to spread their belief that U.S. deaths in Afghanistan and Iraq are punishment for the nation's tolerance of homosexuality.
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President Obama said he wants a former senior Army official with a career in intelligence to lead the Transportation Security Administration.
The president announced his choice, retired Gen. Robert Harding, on Monday.
The decision to appoint someone with an extensive intelligence background comes after the attempted Christmas airliner attack. That attempt, foiled by passengers, led to scrutiny of government intelligence programs and criticism that the Obama administratio
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AIG, which got one of the biggest bailouts of all time, says it will be able to pay back some $51 billion after it sells two subsidiaries.
That's not nearly enough to pay off what the company owes.
The size of the bailout is often p
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