American International Group Inc(AIG)- NYSE
  • Sep. 11, 2009, 8:42 AM

    Former AIG (AIG) exec may reportedly face a grand jury on charges of securities fraud. At issue is whether Cassano, who led the AIG Financial Products unit, misled investors and failed to disclose material facts to AIG's external auditor.

    | Sep. 11, 2009, 8:42 AM | 1 Comment
  • Sep. 8, 2009, 2:02 PM
    Reuters reports that AIG (AIG -9.6%) is interviewing banks to manage an IPO of its Alico life insurance unit that might bring as much as $5B. Morgan Stanley (MS), for one, will have a lead role because of a guarantee by the New York Fed.
    | Sep. 8, 2009, 2:02 PM | 1 Comment
  • Sep. 8, 2009, 10:08 AM
    AIG (AIG) -8.5% after Credit Suisse downgrades the insurer to Underperform, saying AIG's planned asset sales would leave very little value for shareholders.
    | Sep. 8, 2009, 10:08 AM
  • Sep. 8, 2009, 9:00 AM

    Premarket gainers: CBY +42%. ORH +25%. HMY +9%. NG +8%. STM +7%. GFI +7%. LTXC +7%. SLT +6%. AUO +6%. NXG +6%. HL +6%. VICL +6%. LYG +6%. CCL +6%. STP +6%. ALV +6%. EGO +6%. NGD +5%. LVS +5%. PAL +5%. PHG +5%. AUG +5%. NOK +5%. MT +5%. MPEL +5%. BHP +5%. GE +5%. ING +4%. GBG +4%. YGE +4%. MU +4%. RMBS +4%. GSS +4%. FNM +4%. ALU +4%. JASO +4%. FCX +4%. NVAX +4%.
    Losers: OSIR -40%. KFT -5%. MCO -5%. AIG -4%.

    | Sep. 8, 2009, 9:00 AM
  • Sep. 8, 2009, 7:20 AM
    Chinatrust Financial reportedly outbids rivals by offering $2.4B for AIG's (AIG) Taiwan Nan Shan Life unit. AIG had targeted the unit to bring in $2B.
    | Sep. 8, 2009, 7:20 AM
  • Sep. 5, 2009, 3:59 PM

    AIG (AIG) sells a slice of its investment advisory and asset management business to Hong Kong tycoon Richard Li's Pacific Century Group for $500M. (PR) The units being sold operate in 32 countries and manage $88.7B; AIG will maintain its in-house asset management unit that manages $480B in assets.

    | Sep. 5, 2009, 3:59 PM | 1 Comment
  • Sep. 3, 2009, 10:38 AM

    The recent speculative fever in shares of AIG (AIG), Fannie Mae (FNM), Freddie Mac (FRE), Citigroup (C) etc. could signal a peak, Roger Nusbaum warns. "I think of big speculative manias as being warning signs. The widespread willingness to gamble in this sort of manner strikes me as being emblematic of tops, be they intermediate or something else."

    | Sep. 3, 2009, 10:38 AM | 3 Comments
  • Sep. 3, 2009, 9:00 AM

    Premarket gainers: CRIS +20%. SVA +20%. HCLS +16%. FNM +12%. VICL +12%. DLM +11%. FRE +11%. CIT +7%. AIG +7%. AIB +6%. INO +6%. ABK +6%. ING +6%. ASX +6%. LYG +5%. AEO +5%. COST +5%. GPS +5%. RCL +5%. SOL +5%. NOK +5%. GNW +4%. RBY +4%. ANO +4%. HGSI +4%. DB +4%. ESLR +4%. MT +4%. SPPI +4%. DHT +4%.
    Losers: HOV -10%. FDO -8%. TSEM -7%. VG -5%. ANF -4%.

    | Sep. 3, 2009, 9:00 AM
  • Sep. 2, 2009, 1:45 PM
    AIG (AIG +9.4%) chief Robert Benmosche has his own hard line on banking compensation: He wants to halve fees paid to take the insurer's units public (1%, rather than 2% to 2.5%) - and says the firm's got too many consultants around. Meanwhile, Holman Jenkins sorts out what all the Benmosche moves mean as onlookers invent a future for AIG.
    | Sep. 2, 2009, 1:45 PM
  • Sep. 2, 2009, 9:00 AM

    Premarket gainers: VG +40%. MDZ +28%. PPHM +20%. BBI +10%. PAY +8%. AIB +4%.
    Losers: RZ -18%. DHT -16%. FNM -16%. BONU -9%. FRE -9%. ALU -9%. HOLX -6%. AIG -6%. PMI -5%. NVAX -5%. STM -4%. TSEM -4%.

    | Sep. 2, 2009, 9:00 AM
  • Sep. 1, 2009, 10:58 AM
    AIG (AIG) chief Robert Benmosche makes nice to New York AG Andrew Cuomo, after saying last month he acted like a criminal and doesn't deserve to be in office. Benmosche says he lashed out to rally "a very demoralized employee force" and "reassure them that they no longer have to be afraid that they are going to be attacked again."
    | Sep. 1, 2009, 10:58 AM | 2 Comments
  • Sep. 1, 2009, 9:24 AM

    Bernstein downgrades AIG to Underperform following the mammoth runup in its stock price (AIG -7.9% premarket). Firm says current prices allow very little chance for uncertainty, and fail to incorporate considerable downside risk potential - while it continues to attach a 50% probability to the possibility shares are worthless.

    | Sep. 1, 2009, 9:24 AM | 2 Comments
  • Sep. 1, 2009, 9:00 AM

    Premarket gainers: NVAX +14%. YRCW +13%. SVA +10%. BONU +9%. BEXP +7%. TXT +6%. HLCS +5%. ALD +5%. GNBT +4%. INO +4%.
    Losers: BEAT -12%. CMED +12%. RMBS -10%. SQNM -9%. IMMU -6%. AXL -6%. CTIC -5%. AIG -5%. CIT -5%. HCN -5%. BVF -4%.

    | Sep. 1, 2009, 9:00 AM
  • Aug. 31, 2009, 5:17 PM

    Judge Jed Rakoff rules against AIG (AIG) in its pursuit of $4.3B in damages against Starr International, run by former AIG chief Hank Greenberg. The judge affirmed a jury verdict that found no breach of trust by Starr in whether it would use its AIG shares to fund an executive retirement program for generations of the insurer's employees. AIG shares now down 1.4% AH. (earlier)

    | Aug. 31, 2009, 5:17 PM
  • Aug. 31, 2009, 4:45 PM
    AIG, former CEO Maurice "Hank" Greenberg and former CFO Howard Smith agree to binding arbitration to settle various legal disputes, beginning no later than Oct. 15. Shares down 0.8% AH.
    | Aug. 31, 2009, 4:45 PM
  • Aug. 31, 2009, 3:23 PM

    Scoring TARP: So far, so good, with a 15% profit for taxpayers from eight of the big banks (chart). But losses are still looming from AIG (AIG -11.7%), Fannie Mae (FNM -5.9%), Freddie Mac (FRE -7.5%), GM and Chrysler.

    | Aug. 31, 2009, 3:23 PM | 2 Comments
Company Description
American International Group, Inc. is a global insurance company, which engages in the provision of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services. Its offerings include products and services that help businesses and individuals... More
Sector: Financial
Industry: Property & Casualty Insurance
Country: United States