AIG earns

AIG reported net in come of $1.45 billion for Q1 as its insurance busi ness showed signs of im provement. Its shares surged $1.95, to $38.70.

Raj recorded

Lawyers for alleged in sider trader Raj Rajnarat nam asked a judge yester day to conclude the government unconstitu tionally secretly recorded over 2,400 conversations of their client.

Lionsgate

Lionsgate Entertain ment has lost an appeal to restore a shareholder rights plan that would have prevented a take over bid from Carl Icahn.

Bonus tax

A British tax meant to curb banker bonuses earlier this year will cost three of the biggest US banks, BofA, Citigroup and Goldman Sachs, roughly $1.4 billion.

Mo’ Madoff

A claim by Mort Zuck erman against Ezra Mer kin over investments tied to Bernard Madoff may proceed , a judge ruled.

Countrywide

New York pension fund officials said yester day they’ve reached a $600 million settlement against Countrywide Fin ancial.