AIG 2008 bailout: court says government seizure illegal, but no damages
AIG
Washington - Arab Today
A US court ruled Monday that the government takeover of insurer AIG during the financial crisis was illegal, but refused to grant billions of dollars in damages to AIG founder Hank Greenberg.
"While the taking of 79.9 percent equity ownership and the running of AIG's business were not permitted under the Federal Reserve Act, the government did not cause any economic loss to AIG's shareholders" because, without the bailout, shareholders would have had nothing, the court said.
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Buenos Aires - AFP
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
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Paris - Al Maghrib Today
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Paris - Al Maghrib Today
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