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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| June 01, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

FINANCIAL

Ameritrade, Waterhouse mull link

Online discount brokerage Ameritrade and Canada's TD Bank, the owner of rival brokerage TD Waterhouse, said they were in talks involving a potential transaction. News of possible merger talks follow E-Trade's unsolicited $6 bil takeover bid for Ameritrade. Online brokerages are seeking to cut costs as trading volume flounders. Ameritrade rose 3.5% to 14.86. TD climbed 3% to 42.53. E-Trade rose 2% to 12.35. More on A8

AIG slashes net income by $4 bil

The insurance giant filed its '04 annual report, which had been delayed as it resolved accounting problems, lowering its profits by $3.9 bil for the five years starting in '00. Also, AIG cut shareholders' equity at year-end '04 by 2.7%. Regulators have been probing whether AIG adjusted results to paint a rosier financial picture. AIG acknowledged that some accounting was improper. Shares fell 1.5% to 55.55.

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