NU Online News Service, July 19, 2:34 p.m. – American International Group Inc., New York, says its board has authorized the purchase of up to 10 million shares of the company’s common stock on the open market.

AIG shares have been selling for less than $60 this week, down from a 52-week high of $86.40 recorded Oct. 16, 2001, according to Commodity Systems Inc., Boca Raton, Fla.