Ongoing Business Expected To Have Significant Earnings Power
American International Group, Inc. (AIG) today indicated its intent to refocus the company on its core property and casualty insurance businesses, generate sufficient liquidity to repay the outstanding balance of its loan from the Federal Reserve Bank of New York and address its capital structure. AIG had [...]

The Blackstone Group (NYSE: BX) today announced that it is opening a representative office in Beijing with Mr. Shan Fu as its chief representative, based in Beijing.
Before joining Blackstone in 2008, Mr. Fu was Vice President of Beijing Mainstreets Investment Group. Before that, he worked in China’s National Development and Reform Commission (“NDRC”), the [...]