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person > Edward Liddy
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Liddy says "cold realities of competition" forced AIG to pay controversial bonuses.
US president calls payments an "outrage" and urges all measures to be taken to stop them.
US president calls payments an "outrage" and urges all measures to be taken to stop them.
Insurer discloses $90bn payout to banks amid backlash over $165m bonus for employees.
Insurance firm, which took $170bn in taxpayer support, cites "contractual obligation" to pay.
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Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
 
 
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