AIG payback

American International Group is selling part of its stake in Asian insurer AIA Group to raise about $6 billion, which will help the US insurer repay part of its government bailout.

Bigger Blue

IBM shares closed above $200 on a split-adjusted basis for the first time.

Monster nos.

Pop diva Lady Gaga has become the first person with more than 20 million followers on Twitter. A 20 millionth “Little Monster,” as Lady Gaga calls her fans, signed up to follow her Twitter feed over the weekend.

Boo-hoo!

Yahoo! is preparing to lay off thousands of workers in a sweeping restructuring, according to a report on the All Things Digital website.

And Greece…

Private investors holding about 20 percent of the bonds involved in a swap required for an international bailout of Greece declared their participation. The Greek government has set a 75 percent participation rate as a threshold for proceeding with the transaction.