STEVE INSKEEP, host: NPR's business news starts with AIG's latest sale.</s>STEVE INSKEEP, host: The bailed-out insurance company is getting rid of another piece of itself. Last week, the troubled company sold off its Asian insurance business. That sale raised about $35 billion, which will go toward paying back U.S. government bailout funds.</s>STEVE INSKEEP, host: Today, AIG announced it's selling another one of its global operations, the American Life Insurance Company, which is being sold to MetLife for more than $15 billion. Even with that sale, the New York Times reports, AIG would still owe the government about $50 billion.
Insurance giant AIG reportedly is close to selling its foreign life insurance unit to MetLife for about $15.5 billion. The New York Times reports the deal will be done in cash and stock. AIG last week sold its Asian unit to Britain's Prudential for about $35.5 billion.