The Tisch family, co-owners of the National Football League’s New York Giants, have reason to celebrate even though their team won’t make the playoffs. The yearlong renovations at their luxury Loews Regency Hotel New York are being completed in time for the Super Bowl.
American International Group Inc., the insurer majority owned by the U.S., may be unprofitable this quarter on declines in its stake in AIA Group Ltd. and mortgage- related investments, Deutsche Bank AG said.
American International Group Inc. may buy mortgage-backed securities from European banks seeking to bolster their balance sheets as the insurer works to boost investment results, Deutsche Bank AG said.
American International Group Inc. posted the biggest gain in the 81-company Standard & Poor’s 500 Financials Index after Deutsche Bank AG said the insurer may repurchase $20 billion of stock in the next 12 months.