Reuters breaks news on likelihood of AIG IPO

Reuters exclusively reported on July 12 that the AIG board was expected to meet on July 14 to consider the insurer’s Asian life unit. In a story that highlighted the global reach of Reuters, sources in Hong Kong and New York said an IPO for the unit the most likely outcome. The report, unmatched by Bloomberg and Dow Jones, was picked up by Wall Street Journal, New York Times and Financial Times blogs. AIG shares rose 6 percent, helped by a major AIG investor revealing a larger stake.