AIG's $9 billion offering could be pulled: sources

NEW YORK (Reuters) - American International Group and theTreasury on Wednesday said they will sell around $9 billion in AIG stock, but sources familiar with the situation said the Treasury would pull the sale if it cannot be done profitably.

Issues in Depth

Galleon hedge fund founder Raj Rajaratnam departs Manhattan Federal Court in New York May 11, 2011. REUTERS/Lucas Jackson

Rajaratnam won't be the last

The conviction of hedge fund founder Raj Rajaratnam is by far the government's biggest victory in its wide-ranging hedge fund insider-trading probe. It is unlikely to be the last.  Video | Full Article 

U.S. President Barack Obama delivers remarks at a DNC event at Austin City Limits Moody Theater in Austin, Texas, May 10, 2011. REUTERS/Jim Young \

Obama looks strong for 2012 vote

The president has a wide lead over potential Republican rivals for the election next year, but faces serious doubts about his handling of the economy, a Reuters/Ipsos poll found.  Full Article 

The Nordstrom store is seen at a mall in a Denver suburb May 16, 2008.  REUTERS/Rick Wilking
the day ahead:

America returns to shopping

Retailers dominate the companies announcing results on Thursday, with Reuters experts predicting that Nordstrom will deliver earnings of 68 cents a share, an upside surprise of nearly 2 percent.  Video 

Photo

Sebelius: States to run exchanges

Most states likely will run their own health insurance marketplaces or partner with neighbors to help expand coverage under the federal health reform law, Health Secretary Kathleen Sebelius told the Reuters Health Summit on Wednesday.  Full Article 

An investor reacts in front of an electronic board showing stock information at a brokerage house in Shenyang, Liaoning province May 4, 2011. REUTERS/Sheng Li

Busting China's stock scams

Increasingly U.S. investors chasing the next hot Chinese stock find themselves victims of scams. A group of investigators and short sellers have been sniffing out fraud, which sometimes gets them in trouble.  Full Article | Video 

Army soldiers keep guard outside the compound where U.S. Navy SEAL commandos reportedly killed al Qaeda leader Osama bin Laden in Abbottabad on May 5, 2011. REUTERS/Faisal Mahmood

More pressure on Pakistan military

Pakistan's opposition leader accused the country's powerful spy agency of negligence and incompetence as the country's former president said rogue members of the security establishment may have helped Osama bin Laden hide for years near Islamabad.  Full Article 

Markets

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AIG's $9 billion offering could be pulled: sources

NEW YORK (Reuters) - American International Group and theTreasury on Wednesday said they will sell around $9 billion in AIG stock, but sources familiar with the situation said the Treasury would pull the sale if it cannot be done profitably.

Commodities fall hits Asian markets

MELBOURNE (Reuters) - Asian share markets fell on Thursday after a second big sell-off in commodities in less than a week sparked a retreat from riskier investments, including stocks, although oil and silver managed to claw back some of their losses.

Arctic nations eye future of world's last frontier

WASHINGTON (Reuters) - Leaders of Arctic nations gather in Greenland this week to chart future cooperation as global warming sets off a race for oil, mineral, fishing and shipping opportunities in the world's fragile final frontier.

Syrian tanks shell towns, at least 19 killed

AMMAN (Reuters) - Syrian tanks shelled residential areas in two towns and at least 19 people were killed across the country, rights campaigners said, as President Bashar al-Assad's forces fought to crush a seven-week uprising. | Video

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