Thursday, April 16, 2009

We'll take AIG's auto division for $1.9. thank you. Press Release - Farmers Insurance Acquisition of AIG Auto Division


Posted via email from Corey's posterous

Yes, your 80k Land Rover is busted. ( but I still want one )


Sent from my iPhone
www.coreykaster.com

Posted via email from Corey's posterous

Looking forward to awesome event on Mississippi Ave. this Sat - Spring Greening - live bands, sales, etc.


 

 

HISTORIC MISSISSIPPI BUSINESS ASSOCIATION SPRING GREENING

 

 

The sun is shining and spring is in the air. Let’s use this opportunity to clean out and give back. The HMBA is planning a Spring Greening Day on Saturday April 18, 2009, 11:00 am- 7:00 pm.

 

This event is free to the public. Be a part of a great family fun filled day. Stores will be hosting their own blow out sales along with activities such as cloth swaps, demonstrations on reusing recyclable products, cooking demonstrations, face painting, live music and more.  There are designated stores that will be recycling cell phones as well as a dumpster to recycle your electronics and demonstrations on sustainability and keeping our earth “green”

 

Stop by our stores and have your postcard stamped to enter drawing for ultimate shopping and dining spree's. Don't miss out on theevents and entertainment for the day:

 

 

Storewide sales at ChapterFour, Gypsy-Chic, Amalee Boutique,Pin Me and more. Vintage Real Estate will be giving out wildflower seed packets along with a kiosk of "green" homes, Por Que No is offering happy hour prices for those that walk or ride their bike that day, Blue Sky Wellness is having a clothing swap and recycling cell phones, Grand Central Bakery is offering free cookies with every purchase, Black Wagon is hosting two trunk shows featuring Baby Star and Pixel Organics along with cardboard box transformation project with the help of donated items from SCRAP. There are sidewalk sales at Flutter and Porch Light and Phlox. Bella Norte will have demonstrations on painting and Gumbo has a trunk sale featuring creative hats and purses styled by four different local artists from reclaimed materials and single use plastic bags. You can also drop off electronics to be recycled from Free Geek at Unthank Park from 9 to 1 (corner of N. Haight and N. Failing)

 

Don't forget our band lineup adjacent to Buy Olympia.

 

12:00- 1:00pm- The Neat

1:30 pm - 2:30 pm- Strange effects

3:00pm - 4:00 pm- Miss Massive

4:30 pm- 5:30 pm-Tezeta Band

6:00pm - 7:00pm - Too Loose

 

These are just a few of the events that will be happening at our Spring Greening Event. Don't miss this day and the sunshine that will come with it!

 

Posted via email from Corey's posterous

AIG nearing deal to sell car-insurance unit to Zurich (that's the parent company of Farmers :-)


Report: AIG may sell US auto unit to Zurich

Report: Insurer American International Group nearing deal to sell 21st Century to Zurich

·         Ieva M. Augstums, AP Business Writer

·         Thursday April 16, 2009, 10:29 am EDT

Related:

·         American International Group, Inc.

CHARLOTTE, N.C. (AP) -- The insurer American International Group Inc. may be near a deal to sell its car insurance unit to rival Zurich Financial Services AG, according to a published report Thursday.

Related Quotes

Symbol

Price

Change

AIG

1.70

+0.10

The sale of 21st Century Insurance could be announced as early as Thursday, The Wall Street Journal reported, citing unidentified people familiar with the matter.

An AIG spokesman declined to comment. Zurich Financial spokesman Angel Serna in Zurich said the company "doesn't comment on rumors and speculation."

The price tag for the auto insurance business could be between $1.5 billion and $2 billion according to the newspaper report. The deal could strengthen Zurich's hand in the U.S. auto insurance business. Zurich owns Los Angeles-based insurer Farmers Group Inc.

If AIG sells the unit it could be the biggest deal the insurance giant has been able to agree since announcing plans to sell assets to help pay back the government.

New York-based AIG has received $182.5 billion in financial support from the government since September. The company is selling off a number of business units to repay part of the loan.

Meanwhile, AIG said Thursday it completed the sale of its wealth management arm AIG Private Bank Ltd. to Aabar Investments PJSC of Abu Dhabi.

Under terms of the agreement, the United Arab Emirates-based investment company paid about $253 million, and assumed about $55 million of intra-company loans outstanding to AIG Private Bank.

The deal, which was announced in December, is the fourth transaction AIG has closed in the past three weeks and one of 10 asset sale agreements it has reached in the past few months.

Shares of AIG rose 9 cents, or 5.6 percent, to $1.69 in morning trading Thursday. They are down from a 52-week high of $49.50.

 

 

www.coreykaster.com

Posted via email from Corey's posterous