News Summary (AIG, RIMM, RBS)

AIG AIG is one of the few financial stocks that have gained in early trade. The company has reported better-than-anticipated results for the second quarter and commented that it has initiated talks to exit from government aid. "We have commenced discussions with the U.S. government on the process and terms of a complete government exit," CEO Robert Benmosche said. Reuters quoted unidentified source as saying that Research In Motion RIMM is making progress with Saudi Arabia and the UAE in its talks over the access to BlackBerry's encrypted network. Meanwhile, Secretary of State Hillary Clinton and Canada's trade minister are actively supporting RIMM and may hold talks with the UAE and other countries on the issue. Royal Bank of Scotland RBS has agreed to sell its 80% stake in Global Merchant Services to a group of Advent International and Bain Capital in a deal worth £1.7 billion in cash and over £200 million in contingencies. According to RBS, through the divestment, it will gain £850 million after costs. Read more from Benzinga's Markets.