AIG to Sell Some Businesses

American International Group (AIG Quote) Friday said it plans to sell a certain number of businesses while retaining its U.S. property and casualty and foreign general insurance businesses.

The insurer also said its "actively at work" on a number of alternatives for its financial products business and its securities lending program.

"To realize our objective, we will sell a number of extraordinary businesses that are proving to be highly attractive to buyers," said AIG Chairman and CEO Edward Liddy in a statement. The company said a number of suitors interested in these businesses have already made contact. ...