Author: InvestAdvocate

NAICOM suspends IAA’s management

By Agency Reporter Thursday, 24 Feb 2011 The National Insurance Commission, acting in accordance with its statutory powers under (part V11) of the NAICOM Act 1997, has suspended the management of Investment and Allied Assurance Plc from office with immediate effective. According to a statement by NAICOM on Wednesday, in […]

GM seen posting first full-year profit since 2004

  By Bernie Woodall and Deepa Seetharaman DETROIT (Reuters) – Back from the brink with the help of U.S.taxpayers, General Motors Co is expected to report its first annual profit since 2004 with fourth-quarter earnings curbed by rising commodity costs and the drag from its European operations. GM’s results, due […]

AIG may post big loss but remaining units the key

  By Ben Berkowitz NEW YORK (Reuters) – Bailed-out insurer American International Group Inc could post another multibillion-dollar loss when it reports fourth-quarter results on Thursday, but the real question is how well its surviving life and property businesses did in a tough market. AIG said earlier this month it […]