Multi-line Insurance

• AIG (NYSE:AIG) is reportedly close to a deal to sell its international unit, Alico, to MetLife (NYSE:MET) for $15.5 billion in cash and stock • Toyota Motor (NYSE:TM) president expects the auto-maker's North American sales could recover in March • The Bank of NY Mellon (NYSE:BK) agreed to...

Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) reported today that it would sell $95 million of common stock in an underwritten public offering. Lexicon also intends to grant underwriters a 30-day option to purchase up to an additional $14.25 million of common stock to cover over-allotments. LXRX...

According to a report by Bloomberg, American International Group, Inc. (NYSE: AIG) has reached an agreement with MetLife, Inc. (NYSE: MET) to sell Alico. AIG will sell Alico to MetLife for $15.5 billion. MetLife has agreed to pay AIG $6.8 billion in cash, and $8.7 billion in equity. AIG has been...

U.K. insurer Prudential plc (NYSE: PUK) announced last week that it was looking to list on the Hong Kong Stock Exchange as part of a plan to buy AIA, the Asian operations of American International Group (NYSE: AIG) for $35.5 billion. Prudential plc announced on Monday that it would attempt to...

MetLife, Inc. (NYSE: MET) announced that it had signed an agreement with American International Group (NYSE: AIG) to buy AIG's American Life Insurance Co. for around $15.5 billion. American International Group will receive $6.8 billion in cash and approximately $8.7 billion in MetLife stock....

Two AIG (NYSE: AIG) units, AIG Federal Savings Bank and Wilmington Finance Inc., have settled mortgage discrimination cases filed against them. These two units were accused of discriminating against black home buyers on fees for mortgages. Blacks were charged fees that were on average 0.20% higher...

The Wall Street Journal reports that American International Group, Inc. (NYSE: AIG) is planning on selling its remaining 14% stake in casualty reinsurer Transatlantic Holdings, Inc. (NYSE: TRH). AIG has been divesting its stake in assets to repay the government’s 2008 bailout. The company recently...

Microsoft (NASDAQ: MSFT) said it will continue its strategy to expand its share in China’s Internet search market, regardless of the outcome of the spat between Google (NASDAQ: GOOG) and China. MSFT wants to aggressively promote its search and cloud computing services in the country. Prospect...

Through the first two months of 2010, it appears the merger and acquisition party of the late 90s and early 2000 could be raring up once again. As Warren Buffett pointed out in his annual letter to shareholders, bankers don’t get paid for suggesting that companies not do deals, they get paid to...

Bloomberg reports that American International Group, Inc. (NYSE: AIG) is still bogged down by unprofitable units that originate, and guarantee U.S. mortgages. These businesses caused AIG to suffer a combined operating loss of $2.5 billion in 2009. AIG’s consumer lender American General Finance...

Below are the top financial stocks on the NYSE and NASDAQ in terms of operating cash flows. Federal National Mortgage Association (NYSE: FNM) had operating cash flows of $49.95 billion in the most recent quarter. FNM’s trailing-twelve-month revenues stand at $56.91 billion. Read more about this...

With the major indices trading slightly higher Tuesday, there were 28 stocks which broke higher on BIG volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to...