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M&A Activity Drives Stocks Up On Wall Street
Monday, March 1, 2010 - 3:32pm | 175Sudden M&A activities moved U.S. stocks higher on Monday morning, helped along by stronger-than-expected consumer spending and signs that a Greek bail-out may be imminent. American International Group Inc. (NYSE: AIG) rose 9.3% to $27.07 after Prudential (NYSE: PRU) agreed to buy its Asian...
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AIG Rally to Fizzle Out?
Monday, March 1, 2010 - 10:03am | 153Shares of American International Group (NYSE: AIG) are rallying more than 10% this morning on the announcement that UK’s Prudential PLC will buy AIG’s Asia Life Insurance operations for $35.5 billion. The transaction will be split between cash on stock, with AIG receiving $25 billion in cash and $...
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AIG Soars in Pre-Market Trading (AIG)
Monday, March 1, 2010 - 9:26am | 126American International Group (NYSE: AIG) is up almost 14% in pre-market trading on news it will be selling its Asian life insurance business. Prudential PLC of Britain will be acquiring the insurance giant’s Asian business for an estimated $35.5 billion. After the Federal Reserve’s $180 billion...
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AIG’s Fourth-Quarter Results (AIG)
Friday, February 26, 2010 - 2:26pm | 127American International Group, Inc. (NYSE: AIG) announced worse-than-expected net loss of $8.87 billion for the fourth-quarter due to its still-weak general insurance business, and higher expenses from repaying government loans. AIG’s fourth-quarter loss comes after two consecutive profitable...
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Company News for February 26, 2010 - Corporate Summary
Friday, February 26, 2010 - 9:27am | 196• AIG (NYSE:AIG) posted an $8.9 billion loss and said it could knock on the US government’s door to help meet its obligations • CKE Restaurants (NYSE:CKR) will be purchased by Thomas H Lee Partners for $928 million, or $11.05 per share • Interpublic Group (NYSE:IPG) reported inline sales and...
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Benzinga’s Top Pre-Market Losers (AIG, CNP, CROX, ATHN, NVTL)
Friday, February 26, 2010 - 8:32am | 307American International Group, Inc. (NYSE: AIG) decreased 12.10% to $24.18 in the pre-market session. American International reported today a fourth-quarter net loss of $8.9 billion, or $65.51 per share, as compared to a net loss of $61.7 billion, or $458.99 per share, for the same quarter last...
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Wall Street Snowed In. Overseas Stronger. $AIG
Friday, February 26, 2010 - 7:48am | 816Here on the east coast we are waking up to a brutal snow storm. Everything is white everywhere. Futures are looking a little firmer. In Tokyo Friday, the broader Nikkei 225 Stock Average was up 0.5%. Outside of Japan, Asian markets were also mostly higher, with South Korea's Kospi rising 0.4%,...
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Wall Street Snowed In. Overseas Stronger. $AIG
Friday, February 26, 2010 - 7:48am | 809Here on the east coast we are waking up to a brutal snow storm. Everything is white everywhere. Futures are looking a little firmer. In Tokyo Friday, the broader Nikkei 225 Stock Average was up 0.5%. Outside of Japan, Asian markets were also mostly higher, with South Korea's Kospi rising 0.4%,...
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American International Group, Inc. (AIG) Scraps Original Debt Repayment Plan
Friday, February 26, 2010 - 7:46am | 119According to a report by the Wall Street Journal, American International Group, Inc. (NYSE: AIG) has taken a decision to not use the cash flows from life-insurance policies to make a repayment of $8.5 billion in debt to the Federal Reserve. AIG’s decision has been influenced by a recovery in the...
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AIG Is In Talks With Alico Over Sale Of Third Party Unit (AIG)
Friday, February 26, 2010 - 7:35am | 50American International Group, Inc. (NYSE: AIG) is in discussions with Alico regarding the sale of a third party unit. AIG may need additional US government support to meet obligations as they come due. Keep your eyes on American International Group this morning.
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29 Stocks Worth Shorting with Stops
Tuesday, February 23, 2010 - 10:40pm | 256Okay Folks - Here is my labor of love - and let me tell you it is some major labor having to type out all these symbols, company names and stop-losses into a post for you. But I know that it is a huge help for many of you, and that's why I do it. The last time I posted all of my short candidates...
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Another Chop Fest Day. Markets in a range. Still Holding $WFMI
Monday, February 22, 2010 - 3:55pm | 647Another day where the action was very limited as far as market movement. Looking at the screen very stocks that we follow felt like they were going to show some entries. AIG is one that made a strong move but we didn't want to chase it. After taking a beating on BIDU in the morning we felt it would...
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Another Chop Fest Day. Markets in a range. Still Holding $WFMI
Monday, February 22, 2010 - 3:55pm | 612Another day where the action was very limited as far as market movement. Looking at the screen very stocks that we follow felt like they were going to show some entries. AIG is one that made a strong move but we didn't want to chase it. After taking a beating on BIDU in the morning we felt it would...
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Market Roundup (APC, SII, SLB, FPL, DUK, EXC, CEG, PBS, HES, MEE)
Monday, February 22, 2010 - 2:05pm | 392According to a survey conducted by Bloomberg, Chinese demand and the cold US winter could send coal prices substantially higher. The price of coal is already up more than 20% from last year's lows. “If you look at the pricing increases we’re seeing now in regard to future sales, they have not only...
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U.S. Equity Movers & Shakers: (HS, HUM, UNH, ENDP, AIG)
Monday, February 22, 2010 - 1:55pm | 512Bloomberg reported that the following companies’ stocks showed unusual movement in early morning trading today. Prices are as of 11 a.m., New York time. Humana, Inc. (NYSE: HUM) gained 3.6% to $46.97. Healthspring, Inc. (NYSE: HS) rose 3.7% to $18.66. UnitedHealth Group Inc. (NYSE: UNH) climbed...