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American International Group News

News on American International Group continually updated from thousands of sources around the net.

13 min ago | Fox News

Market Winners & Losers: AIG, CIT

The markets closed out the week mixed, with the Dow losing 0.5%, the S&P 500 losing 0.4% and the Nasdaq gaining 0.2% on Friday.

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Related Topix: CIT Group, Financial Services, Insurance, Banking, Huntington Bancshares, Appliances, Household Products, Stanley Works, Semiconductors, QLogic, Computers, Business News

Fri Jul 10, 2009

York Dispatch

AIG, Merck, YRC Worldwide are big movers

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: American International Group Inc., down $3.62 at $9.48 An analyst said the insurer's equity may be zero due to risk of continued losses from credit default swaps and assets sold cheaply.

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Related Topix: Biotech, Merck , Medicine, Healthcare Industry, Financial Markets, York, PA, York Metro, Insurance, Computers, Emulex

Bloomberg

Goldman Sachs Reverts to Pre-Lehman Risk Mean With Accelerating Earnings

Goldman Sachs Group Inc. is poised to report the largest profit since it set earnings records in 2007, marking the return of a business model that was the envy of Wall Street before the financial crisis devastated competitors and spurred a government bailout.

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Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, Lehman Brothers Holdings, Economics News, Bankruptcy, Insurance

News Dissector's Weblog

Attack on Fed Grows In Congress; FBI: Mortgage Fraud UP! AIG Bonuses - Redux

A proposal from a long-time congressional foe of the Federal Reserve that could give lawmakers sway over monetary policy has won the support of a majority in the House of Representatives, alarming officials at the U.S. central bank.

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Related Topix: Home, Mortgage, Personal Finance, Insurance, Investment Banking, Investment Services, Financial Services, Goldman Sachs Group

The US Market Blog

Thursday Options Update: AIG, ABC, RGS, & CSCO

American International Group, Inc. Investor uncertainty over the fate of the insurance company surged this morning following extremely bearish reports from analysts at Citigroup.

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Related Topix: Insurance, Hair Salons, Regis

Thu Jul 09, 2009

National Post

AIG set to pay more bonuses: report

Struggling insurance giant AIG is readying to dole out millions in bonuses to its executives.

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Related Topix: Insurance

Bloomberg Business News

AIG Probably Has `Zero' Value For Private Holders, Citigroup Analyst Says

American International Group Inc. , the insurer bailed out four times by the government, fell the most in nine months after Citigroup Inc.

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Related Topix: Banking, Financial Services, Citigroup, Insurance

Reuters

AIG may have zero equity value: Citigroup

American International Group Inc , the insurer rescued by a series of federal bailouts, may have zero equity value due to the risk of more credit default swap losses and the disposal of key assets at low valuations, Citigroup said.

Comment?

Related Topix: Insurance

MSN Money

AIG in talks to sell big Alico unit to MetLife: report

American International Group Inc has resumed talks to sell its American Life Insurance Co unit to MetLife Inc in a transaction that could help the stricken insurer raise more than $15 billion, the Financial Times said.

Comment?

Related Topix: Insurance, MetLife

Wed Jul 08, 2009

Charlotte.com

Report: AIG in talks for unit sale to MetLife

American International Group Inc. is discussing a deal for all or part of its foreign unit, American Life Insurance Co., with MetLife Inc., according to a published report Wednesday that cited people familiar with the matter.

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Related Topix: MetLife, Insurance

Business Standard

Goldman Sachs pumps $3 bn into global equity fund

Goldman Sachs Group Inc. lined up $3 billion in new capital to bolster its Global Equity Opportunities Fund after it lost $1.4 billion, or 28 per cent, in the past two weeks.

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Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, Insurance, Financial Markets, Mortgage, Personal Finance, Greenwich, CT

Blogging Stocks

Closing Bell: Investors gear down earnings expectations

Filed under: Amer Intl Group , Marvell Technology Group This was an interesting day in the markets.

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Related Topix: Semiconductors, Marvell Technology Group, Electronics, Startups, Healthcare Law, Law, Insurance, Financial Markets

Tue Jul 07, 2009

Bloomberg

AIG Falls, Extending Decline After `Kiss of Death' 1-for-20 Reverse Split

American International Group Inc. led decliners on the Standard & Poora s 500 Index, extending its plunge since government trustees approved a 1-for-20 reverse stock split last week.

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Related Topix: Insurance

Fox News

Market Winners & Losers: Constellation Brands, AIG

The first day of Wall Streeta TMs third quarter brought gains to the major indices as the week looks to a holiday-shortened end.

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Related Topix: Beverages, Constellation Brands, Insurance, Xl Capital, Ball, Manufacturing, Aerospace-Defense, Janus Capital Group, Financial Services, Investment Services, Akamai Technologies, Computers

Mon Jul 06, 2009

The Washington Times

Feds taking GM, bigger bite of economy

Capping a series of bold government actions to rescue failing corporate giants, the White House has won approval of its restructuring plan for General Motors Corp., putting the government on track to take ownership of the storied automaker by the end of the week.

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Related Topix: GMC GM, GMC, Economics News, Bankruptcy, Home, Mortgage, Personal Finance, Insurance

New York Times

A.I.G. Lawyer Says Greenberg Lied to Rewrite History

Maurice R. Greenberg , the former chief executive of the American International Group , fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a large and valuable block of A.I.G. stock, a lawyer for A.I.G., Ted Wells, told a federal jury on Monday.

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Related Topix: Insurance, Personal Finance, Retirement, Business News

Daily Herald

Aon: Airline insurers suffer terrible June

Axa SA, Allianz SE and American International Group Inc. lead a group of airline insurers poised to record the most monthly losses since September of 2001 and may raise prices to bolster reserves, Aon Corp.

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Related Topix: Insurance, AON, Airlines, Air France - KLM, Buffalo, NY, Buffalo Metro

SchaeffersResearch.com Daily Market Blog

American International Group, Inc. (AIG) CEO Comments Captivate Call Traders

Option traders have centered on American International Group, Inc. today, in the wake of comments made at the company's annual meeting.

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Related Topix: Insurance, Financial Markets, Personal Finance, Day Trading

Sun Jul 05, 2009

Charlotte.com

Obama plan could trim back financial powerhouses

In this April 17, 2009 file photo, a sign at the Citigroup Center is seen in New York.

Comment?

Related Topix: Banking, Financial Services, Citigroup, Investment Banking, Goldman Sachs Group, Investment Services, Wilton, CT, Insurance

Daily Herald

Insurers like Allstate post record 3Q losses

U.S. property and casualty insurers, a group including American International Group Inc.

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Related Topix: Allstate, Insurance, Jersey City Metro, Jersey City, NJ

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