BUSINESS
05/16/2009 05:12 am ET | Updated May 25, 2011

AIG To Sell US Auto Unit To Zurich Financial Services: Report

American International Group Inc. is close to selling its U.S. auto business to Zurich Financial Services AG for more than $1.5 billion, the insurer's biggest divestiture since being rescued by the government, said two people familiar with the situation.

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