Multi-line Insurance

American International Group (NYSE: AIG) has been pretty successful at selling its international units. However, things don’t look so rosy when it comes to the company’s Taiwan unit, Nan Shan Life. In October, AIG (AIG) had agreed to sell the unit for $2.15 billion to an international consortium....

A number of Prudential (NYSE: PUK) investors have expressed their skepticism over its bid for AIG’s (NYSE: AIG) Asian operations. The deal will increase Prudential’s (PUK) size by twofold. However, Prudential CEO Tidjane Thiam now has decided to subdue UK investors’ apprehensions. He is expected to...

Last autumn, when American International Group (NYSE: AIG) was trading at a frenzied pace, I shot a video ruminating on some of the reasons why these shares can be so volatile.  Given that this week has seen a resurgence in AIG’s stock price, as well as an increase in options volume and implied...

The SPX has seen unusually high activity in the December 2010 1075 puts over the past two days. Yesterday near the close of the trading day, 18,000 contracts were lifted in these puts. Today another 16,000 are on the tape with over 200 million in premium spent, buying about 20 million dollars...

“The rally in the Financial Select Sector SPDR Fund (XLF) vividly illustrates investors’ renewed love affair with beaten-down bank stocks. Traders have also been driving up shares of bailed-out financial firms such as American International Group (AIG), Fannie Mae (FNM) and Freddie Mac (FRE),” John...

Renowned banking analyst Dick Bove's positive comments on Citigroup and strength in technology shares helped lift stocks Wednesday even as buying remained subdued in the absence of market-moving catalysts.    The Dow Jones industrial average advanced 3 points, or about 0.03%, to close at 10,567. ...

The NASDAQ , S&P 500 and Dow Jones are all struggling to maintain the anemic rally that has ensued for the past 1.5 weeks. Volume continues to dissipate in most major indices, SPY’s 14 day volume simple moving average has been on a downtrend since early-mid February. Today’s options action...

Bloomberg reports that bondholders of troubled insurer American International Group, Inc. (NYSE: AIG) gained at least $3.2 billion after the announcement of deals by the insurer to sell its two largest non-U.S. life insurance units for $51 billion. AIG bonds have reached an 18-month high since...

Stocks seesawed between gains and losses on the one-year anniversary of March 2009 lows, but managed to end the day slightly higher on strength in financial and telecommunication shares.  Although March 2009 was exceptional when socks hit their nadir and there was panic all over, markets have since...

Shares of financial institutions bailed-out by the U.S. government during the financial crisis surged in trading on Tuesday. Citigroup, Inc. (NYSE: C) surged by as much as 8.4% to $3.86 before closing at $3.82 in trading on Tuesday. The stock received a boost after positive comments by fund...

Cisco Systems (NASDAQ: CSCO) announced that it "will forever change the Internet" tomorrow, sparking speculation that it is set to launch a new gear that will enable wireless phone companies cope with rising video web traffic. Applied Materials (NASDAQ: AMAT) has announced a 17% hike in its...

Bloomberg reports that U.S. stock movement was volatile, as financial shares gained following American International Group’s (NYSE: AIG) announced sale of American Life Insurance Co. to MetLife Inc. (NYSE: MET), while FMCG companies like Procter & Gamble Co. (NYSE: PG), and pharma cos like...

In a bid to repay the government American International Group (NYSE: AIG) has sold its Alico unit to Metlife Inc.(NYSE: MET) for $6.1 billion in cash and $8.7 billion in stock and equity. The proceeds from this sale will go to repay the government including Metlife stock wich will eventually be...

Below are the top five large cap stocks on the NYSE in terms of 5-Y earnings estimates. Las Vegas Sands Corp (NYSE: LVS) is likely to achieve 128.4% earnings growth over the next five years. LVS’s trailing twelve-month gross profits stand at $1.66 billion. Read more about this company here....