No one seems to know just how much bailout money has gone into propping up AIG's Sun America and American General subsidiaries.
General Partners has said that it would sell Gencorp's broadcast stations, a Pepsi bottling operation in Georgia and the Aerojet-General subsidiary in La Jolla, to raise money to retire the debt it must take on to acquire the conglomerate.
When I graduated, I joined Red Lobster, then a General Mills subsidiary, as a manager trainee.
It divested several operations, including its General Tire subsidiary, to pay down the debt and focus on aerospace and defense.
Once one of the largest toy makers in the country, Lionel in 1973 was folded into a General Mills subsidiary, Fundimensions.
Berkshire Hathaway, the insurance and investment company run by Warren E. Buffett, said yesterday that its General Reinsurance subsidiary was not a target of the federal investigation into the collapse of the insurer Reciprocal of America.
American General, with subsidiaries that operate in 50 states and Canada, is in a battle with Torchmark, a concern based in Birmingham, Ala., best known for its Liberty National Mutual Insurance unit.
The Mini-Sub is made by the Areojet General Corporation, a subsidiary of the General Tire & Rubber Co., & was conceived as an exploration craft for the Navy.
Initially, the regulators' attention was centred on a "finite risk" reinsurance contract with General Re, a subsidiary of Mr Buffett's Berkshire Hathaway, that is thought to have boosted AIG's reserves artificially.
