TARP Losses Projected Lower, to $117 Billion

American International Group Inc.'s moves to sell two large life-insurance units will give a boost to the U.S. government's efforts to recoup its taxpayer-funded investments in hundreds of banks, insurers and other companies. But losses on the rescues still are expected to hit about $117 billion.

AIG said Monday it expects to raise $35.5 billion from the sale of American International Assurance Ltd. to Prudential PLC. AIG is separately expected to reach a deal to sell American Life Insurance Co. to MetLife Inc. for $15 billion. Proceeds from the two sales would pay off nearly 40% of the $130 billion...

WSJ: TARP Losses Projected Lower, to $117 Billion