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Posted AT 5:47 AM EST on 15/09/08

AIG working on huge restructuring, reports say

IEVA M. AUGSTUMS AND STEPHEN BERNARD

The Associated Press

CHARLOTTE, N.C. — American International Group Inc. said Sunday it is reviewing its operations and discussing possible options with outside parties to improve its business after a week when its stock dropped 45 per cent amid concerns about the company's financial underpinnings. "A lot of meetings (are) going on. We're looking at a lot of options. We're talking with a lot of parties," said spokesman Nicholas Ashooh, declining to comment further.

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