AIG cuts workforce by 3% after earnings beat

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American International Group reported quarterly earnings and revenue that easily beat analysts' expectations on Thursday and announced it will cut its workforce by 3 percent because of a charge taken in the fourth quarter.

Bernanke won't be forced to testify in AIG lawsuit

Ben Bernanke

Federal Reserve Chairman Ben S. Bernanke can’t be forced to testify in a lawsuit against the U.S. brought by Maurice 'Hank' Greenberg over the government’s bailout of American International Group (AIG), a federal appeals court ruled.