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AIG Implements Recapitalization Plan - Analyst Blog
Thursday, December 9, 2010 - 3:03pm | 1109After much mulling over the past several weeks, yesterday American International Group Inc. (AIG) gave its thumbs up to execute the recapitalization plan for exiting the US taxpayers loan curriculum, as per the regulatory filing agreed and signed by the two parties. The US federal government has...
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AIG Implements Recapitalization Plan - Analyst Blog
Thursday, December 9, 2010 - 2:16pm | 1109After much mulling over the past several weeks, yesterday American International Group Inc. (AIG) gave its thumbs up to execute the recapitalization plan for exiting the US taxpayers loan curriculum, as per the regulatory filing agreed and signed by the two parties. The US federal government has...
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Benzinga's Political Roundup
Thursday, December 9, 2010 - 12:04pm | 103AIG (NYSE: AIG) announced yesterday its plan to exit from being under control of the Federal Reserve, by exiting the Federal Reserve credit line. Bernie Madoff victims sued Madoff's grandchildren, as well as 5 banks, including Citigroup (NYSE: C) in order to recoup funds. The Federal Reserve will...
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American International Group Trading Up 9.73% (AIG)
Thursday, December 9, 2010 - 12:02pm | 25American International Group (NYSE: AIG) is trading up 9.73%. Shares last traded at $46.33, up from $42.22 at yesterday's close.
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Little Movement In AIG After Fed Repayment Plans
Thursday, December 9, 2010 - 9:37am | 118American International Group, Inc. (NYSE: AIG) is higher this morning, despite announcing plans to pay back the Federal Reserve credit line as part of its efforts to pay back the U.S. taxpayer this morning. AIG will use proceeds from the sales of two non-U.S. life insurers to repay the line, the...
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Stock Market News For Dec 9, 2010 - Market News
Thursday, December 9, 2010 - 9:30am | 1212On Wednesday, markets closed slightly higher and the S&P 500 index surged to its highest level since September 2008. A rally in financial stocks coupled with investors' optimism about the extension of Bush-era tax cuts helped the markets turn green. Investors' concerns about the rising...
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Stock Market News For Dec 9, 2010 - Market News
Thursday, December 9, 2010 - 9:09am | 1212On Wednesday, markets closed slightly higher and the S&P 500 index surged to its highest level since September 2008. A rally in financial stocks coupled with investors' optimism about the extension of Bush-era tax cuts helped the markets turn green. Investors' concerns about the rising...
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Insurance Industry Stock Review - Dec. '10 - Zacks Analyst Interviews
Thursday, December 9, 2010 - 12:00am | 2122After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has started improving. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis appears to be now...
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Insurance Industry Stock Review - Dec. '10 - Industry Outlook
Thursday, December 9, 2010 - 12:00am | 2122After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has started improving. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis appears to be now...
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ETFs To Watch December 9, 2010 (TBT, UNG, THG, YCS)
Wednesday, December 8, 2010 - 9:14pm | 200Here is the ETF Professor's ETF Watch List for Thursday December 9, 2010. On the AIG (NYSE: AIG) news, trade the SPDR KBW Insurance ETF (NYSE: KIE). After a day of mixed analyst news, try the Market Vectors Coal ETF (NYSE: KOL). The U.S. Natural Gas Fund (NYSE: UNG) was up almost 4% on Wednesday....
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AIG May Raise up to $4B
Wednesday, December 8, 2010 - 3:58pm | 22AIG (NYSE: AIG) may raise up to $4B with the consent of the Treasury.
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Crowded Trading Posts Awaiting AIG To Resume Trading (AIG)
Wednesday, December 8, 2010 - 3:57pm | 64Traders crowd around the NYSE trading posts for American International Group (NYSE: AIG) today, awaiting resumption of trading in the shares after a news halt this afternoon. AIG has said that it is committed to executing its agreement with the government, including repayment. AIG has been and may...
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AIG Announces Repayment Of Fed Credit Line
Wednesday, December 8, 2010 - 3:54pm | 54AIG (NYSE: AIG) was halted, and is now announcing that it will repay the Federal Reserve credit line. Reports are coming out that the New York Fed will recapitalized AIG. Last trade for AIG was $42.23. It's taking a $4.7 billion charge on the termination of this facility.
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AIG Files Master Agreement on Recapitalization Plan
Wednesday, December 8, 2010 - 3:53pm | 136American International Group, Inc. (NYSE: AIG) announced it had filed a Form 8-K earlier today announcing the signing of the Master Transaction Agreement among ALICO Holdings LLC, AIA Aurora LLC, the Federal Reserve Bank of New York, the United States Department of the Treasury, the AIG Credit...
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Halted? What's Up With American International Group (AIG)
Wednesday, December 8, 2010 - 3:43pm | 63Trading in American International Group (NYSE: AIG) is currently halted. News was recently released that the US Treasury wanted to get rid of over a one-fifth stake in AIG. There are also rumors circulating about an upcoming Wikileaks leak on a large American bank. No reason is yet given for the...