AIG posts US$7.8b Q1 loss; CEO's job at risk

(NEW YORK) American International Group (AIG) will seek to raise US$12.5 billion to shore up its finances after two straight record losses, adding to speculation that Martin Sullivan may be the next chief executive officer to lose his job amid the global credit crisis.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,278650,00.html?

Biggest India pension fund invites manager bids

(NEW DELHI) India's largest pension fund yesterday invited bids from fund managers to manage its flagship scheme, with a corpus of more than 1.56 trillion rupees (S$53 billion), an advertisement in the Times of India newspaper said.

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