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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 […]

Discount for foreclosed homes widened in 2010

  By ALEX VEIGA, AP Real Estate Writer LOS ANGELES – The gap between the average sale price of a foreclosed home and that of other properties grew wider last year, giving homebuyers who snapped up bank-owned homes big discounts. And homebuyers can expect to see more of those bargains […]

Oil rises to near $99 amid Libya supply disruption

  By ALEX KENNEDY, Associated Press SINGAPORE – Oil prices rose to near $99 a barrel Thursday in Asia as chaos in Libya disrupted crude supplies from the OPEC nation, and traders worried instability could spread to oil-rich countries in the Middle East. Benchmark crude for March delivery was up […]