The charge to cover possible future claims was larger than analysts expected and led to a net loss of $3.04 billion in the fourth quarter.
The sale to Arch Capital Group advances AIG's goal of returning $25 billion to shareholders by the end of this year.
Activist investor Carl Icahn's holding company has suffered significant losses on its energy investments, imperiling its credit rating.
The breakup marks the end of Xerox's attempt to marry services for government agencies and corporations with its copiers and printers.
The moves come amid pressure from activist investor Carl Icahn, but analysts question the departure of finance chief David Herzog.
Bridgestone still has until Friday to make a counter-proposal that would top Icahn's $837 million bid for the auto parts retailer.
Icahn bets on ride-sharing startup, saying it's a "tremendous bargain" compared to Uber.
Martin Lipton advises companies to meet with activists and avoid "drawn out" proxy battles.
CVR says that it didn't know the banks advising it in a takeover battle with Carl Icahn would earn more if the takeover succeeded.
Activist Carl Icahn pushes for governance changes at upcoming spinoffs from eBay and Gannett that would leave them vulnerable to takeovers.
Besides spinning off PayPal, the e-commerce giant now also plans to explore splitting off or selling its enterprise unit.
An audit committee review shows the rental car company overstated GAAP net income for three years.
