What’s New: In Brief (March 05, 2010)

American International Group Inc. (AIG) is planning to sell the rest of its 9.1-million remaining shares in Transatlantic Holdings Inc. (TRH).
American Home Assurance Company (AHAC), an AIG subsidiary, currently holds the TRH stock.
AHAC’s current ownership in TRH represents approximately 13.8% of TRH’s common shares issued and outstanding.
AHAC intends to commence such an offering on or prior to Mar. 9, 2010.

The Canadian federal government is pledging to provide $40 million over the next two years to the Small and Medium-sized Enterprise Innovation Commercialization Program.
The two-year pilot initiative, announced in the 2010 budget, is intended to support the country’s small business sector.
The money is intended to help small- and medium-sized businesses develop innovative prototype products and technologies. Up to 20 demonstration projects will be supported.
The government will be organizing regional trade shows so that companies can showcase their innovative concepts to federal departments, according to Budget 2010.
Further details are to be announced later in the spring.