The firm reported first-quarter net income of $1.5 billion, compared with $2.7 billion in the year-ago period.
AIG will pay $13.5 million to settle an investigation involving its alleged sham reinsurance deal with General Re.
The index for finished goods other than foods and energy moved up 0.5 percent after a 0.4% increase in January.
Goldman Sachs and Lehman Brother's profit fell more than 50% in the first quarter but managed to beat Wall Street estimates.
Connecticut is seeking to become the first state to offer a low-cost 401(k) plan designed for small businesses.
As U.S. markets sink lower, money managers are busy capitalizing on India's booming economy.
It soon may become easier for mutual funds to invest in exchange traded funds, but industry experts are divided as to whether funds will rush to invest in a product that is sometimes depicted as a competitor.
Lipper Inc., responding in part to investors' increasing appetite for sector, target date and international funds, is revamping its fund classification system.
Pets Best Insurance Services is bringing coverage to man's best friends through banks and employee benefit providers.
National Planning Holdings Inc. posted strong results for 2007, while Conseco Inc. posted a write-down for the fourth quarter.
