Filed Under:Markets, Personal Lines

AIG Reportedly Sells Stake in Blackstone

NU Online News Service, March 2, 2:55 p.m. EST

AIG is reportedly selling its stake in private-equity firm Blackstone Group for $500 million, according to CNBC, which cites unnamed sources.

CNBC further states, “Blackstone has long been an adviser to AIG, but the sale marks building tensions between the two firms.”

The buyer is not yet known, CNBC says, adding that the sale was made before the market opened today.

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The Rising: PIA President Richie Clements' personal & professional resurrection, post-Katrina

PIA's national president reflects on the moment he became a “real” insurance agent, his agency's rebirth, and the challenges still faced by his beloved city 10 years after Hurricane Katrina.

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The big freeze: 5 signs your pipes are frozen and how to thaw them

Extremely cold temperatures are affecting unprotected pipes across the country, causing thousands of dollars in damage.

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