Aig Stories
AIG Backs Off Suit Over Bailout After Public Outrage
Facing outrage from all quarters, AIG Inc. said Wednesday it would not sue the U.S. government over terms of its multi-billion dollar bailout.
AIG May Join Suit Over Bailout, Angering Many
American International Group Inc., the insurer rescued by the U.S. government in 2008, said Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing outrage from lawmakers.
66 Earnings Reports To Watch: Ford, LinkedIn, AIG, Starbucks
Halfway through the third-quarter earnings season, one thing is becoming clear: The fourth quarter is likely to be gloomy.
Washington Bends Logic Into Mobius Strip To Show Profit On AIG Bailout
The U.S. government went into a full-throated propaganda offensive Tuesday in an effort to show that the highly controversial 2008 bailouts of American International Group, Inc. (NYSE: AIG) were profitable.
Pre-Market Movers (Prana Biotech, Dryships, Sanofi, Tata Motors, Amarin, American International Group, ArcelorMittal, Delhaize)
Prana Biotechnology Ltd, Dryships Inc., Sanofi SA, Tata Motors, Amarin Corp, American International Group, ArcelorMittal and Delhaize Group are among the companies whose shares are moving in pre-market trading Tuesday.
Pre-Market Movers (Cell Therapeutics, Deutsche Bank, Transocean, Peregrine, Kraft Foods, American International Group, Seadrill, Anheuser)
Cell Therapeutics, Deutsche Bank, Transocean Ltd., Peregrine Pharmaceuticals, Kraft Foods Inc, American International Group, Seadrill Ltd and Anheuser-Busch InBev are among the companies whose shares are moving in pre-market trading Monday.
US Will Cut Its AIG Stake To 23% From 53%, By One Estimate
Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
IT, Pharma Mutual Funds Top Performers in August
IT sector funds were the top performers in August among Indian mutual funds that focus on domestic stocks as lower valuations of the sector's shares after their sharp declines in July revived investor interest.
Money's Winners And Losers: NY Fed And AIG, Gawker Media, Eli Lilly, ZeekRewards, Best Buy, Fisker Automotive
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Our picks for Aug. 19-24 include the Federal Reserve Bank of New York and Eli Lilly & Co. on one side, and ZeekRewards and Best Buy Co. Inc. on the other side.
Treasury To Sell $4.5 Billion In AIG Stock, Taxpayers Will Still Own A Majority Stake
The U.S. Treasury Department on Friday said it plans to sell $4.5 billion in American International Group Inc. (NYSE: AIG) shares, further cutting its ownership stake in the bailed-out insurer.
AIG Earnings Preview: Lower Profit From Divested Assets
In spite of low expectations for profit, market-watchers are actually increasingly bullish on AIG, believing the most important thing to watch when the company reports quarterly results Thursday will be its plans to buy back stock from its largest shareholder, the U.S. government.
Four Years Later, AIG Loans Repaid, But The Tab's Not Quite Closed
Four years after the 2008 financial crisis began gathering steam, the government has collected another piece of the remaining billions in bailout money that it's owed.
Blankfein, At Gupta Trial, Tells Jury About Goldman Board Confidentiality
Lloyd Blankfein, the chief executive of Goldman Sachs Group Inc, told jurors at the insider-trading trial of one of the investment bank's former directors that all parts of a 2008 board meeting the two attended were confidential.
Does Friday?s Panicked Gold Rush Indicate A Gilded Rebound?
Stocks have wiped out their year-to-date gains. US payrolls are down while unemployment is up. Yields on high-demand government bonds are at record lows. Speculation abounds the US Fed might even print more money. Is it any wonder some are talking about gold?s rebound?
Judge Tosses Part Of AIG Suit Against Bank Of America
American International Group Inc. (NYSE: AIG) was partially rebuffed in its effort to get $10 billion out of Bank of America Corp. (NYSE: BAC) Wednesday, as a Los Angeles U.S. district judge dismissed some of the New York re-insurer's claims in its securities lawsuit against the giant Charlotte, North Carolina- bank.
Freddie Mac Names Donald Layton CEO
Freddie Mac (OTC: FMCC), the second-largest U.S. mortgage guarantor, said Thursday it was appointing Donald Layton, the former head of E*Trade as its CEO.
Freddie Mac To Name Former E*Trade Chief Donald Layton New CEO: WSJ
Freddie Mac, the second-largest mortgage guarantor, will announce the appointment of Donald Layton, former head of E*Trade Financial Corp., as a new CEO as early as Thursday, the Wall Street Journal said.
Treasury Dept. to Sell $5 Billion of Insurance Giant AIG
The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.
Pre-Market Movers (GTSI, TTM, FTR, YHOO, NBG, CTSH, AIG, SCMF, HUN, GNW)
The companies whose shares are moving in pre-market trade Monday are: GTSI Corp, Tata Motors, Frontier Communications, Yahoo, National Bank of Greece, Cognizant Technology Solutions, American International Group, Southern Community Financial, Huntsman Corp. and Genworth Financial Corp.
US Added 115,000 Jobs In April, Unemployment Rate Falls To 8.1%
The U.S. economy added far fewer jobs than expected in April, while the unemployment rate edged down as more people gave up hope of finding jobs, reinforcing the fear that the job market recovery could be losing steam.
Pre-Market Movers (DGI, LNKD, VE, DB, DOW, NRF, SDRL, AIG)
The companies whose shares are moving in pre-market trade Friday are: DigitalGlobe Inc, Linkedin Corporation, Veolia Environnement, Deutsche Bank, The Dow Chemical Company, Northstar Realty Finance Corp and Seadrill Ltd American International Group Inc.
US Unemployment Rate Likely To Hold At 8.2% In April
Hiring in the U.S. probably picked up somewhat in April after a disappointing showing in March renewed fears of another spring slump in the labor market, economists said in anticipation of the April non-farm payroll report due Friday.
33 Key Earnings Reports To Watch This Week, April 30-May 4
The first-quarter earnings season has so far generated big waves of positive surprises, which fueled the upward momentum in the stock market. However, investors should take these earnings beats with a grain of salt.
Judge denies AIG motion in BofA $8.5 billion settlement
A New York judge on Tuesday rejected an effort by American International Group Inc and other objectors to Bank of America Corp's proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.
AIG says ex-air lease chief Hazy stole trade secrets
American International Group Inc has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets.
Judge Denies AIG Motion In Bank Of America $8.5 Billion Settlement
A New York judge on Tuesday rejected an effort by AIG Inc (AIG.N) and other objectors to Bank of America Corp's (BAC.N) proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.
AIG Returns To U.S. Real Estate Investment
American International Group Inc., the beleagued insurance company that was brought to its knees by the subprime mortgage collapse, is re-entering U.S. real estate investment later this year.
Wells Fargo upgrades AIG on likely bailout exit
American International Group Inc will likely become independent from the U.S. government over the next year, Wells Fargo Securities said, upgrading the shares of the bailed-out insurer to outperform.
Treasury freezes pay for CEOs at Ally Financial, GM, AIG
The chief executives of General Motors , AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the Treasury Department after they got exceptional bailout help during the financial crisis.
EA Wins 'Worst Company In America,' Did 'Mass Effect 3' Ending Impact Votes? [VIDEO]
It seems that gamers have stepped into the forefront when it comes to voicing opinions on the Internet. The lackluster ending of “Mass Effect 3” sent video game fanatics in an uproar, and now game publisher Electronic Arts has just won The Consumerist award for this year’s Worst Company in America.