Aig

Gold Miners Say Mali Coup Not an Issue For Them

A coup d'etat currently underway in Mali is not affecting gold production there, miners in the country are saying, as events related to the military uprising seem confined to the country's capital, hundreds of miles away from where gold deposits are located.

Top After Market NYSE Movers (FTK, CCI, CYH, EP, GCA, HOV, HRB, JNY, AIG, SPF, NNN, TXI)

The top aftermarket NYSE gainers Wednesday were: Flotek Industries, Crown Castle International Corp, Community Health Systems, El Paso Corp, Global Cash Access Holdings and Hovnanian Enterprises. The top aftermarket NYSE losers were: H&R Block, Jones Group, American International Group, Standard Pacific Corp, National Retail Properties and Texas Industries.

Treasury Selling $6B In AIG Stock

The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.

AIG Raises $6B in Sale of AIA Stake

American International Group raised $6 billion through the sale of its stake in AIA Group, a move that allows the U.S. insurer to repay part of its government bailout.

AIG to Sell Slice of Asian Unit for about $6B to Pay Off U.S.

American International Group, Inc. (NYSE:AIG) tagged Hong Kong investors in its Asian unit with a nasty surprise Sunday evening, announcing it will be selling a substantial amount of its stake in the subsidiary at a discount -- a move that will hurt current stockholders in the concern. AIG is pursuing the action in order to raise $6 billion, a small amount of the $182.3 billion bailout it received from the U.S. government in 2008 and is still to pay back in full.

Stock Futures Decline on Global Economy Concerns

Stock index futures fell on Monday after data showed Europe's private sector activity declined last month and China cut its growth target, reigniting concerns about the strength of the global economy.

Stock Index Futures Signal Early Losses

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.48 percent, Dow Jones futures down 0.51 percent, and Nasdaq 100 futures down 0.54 percent at 5:52 a.m. ET.

AIG Plans to Raise $6 Billion by Selling AIA Shares

American International Group Inc. (AIG) has stated that it has started selling shares of AIA Group Ltd, listed in Hong Kong, for raising $6 billion, in order to repay the bailout it received from the U.S. government in 2008.

Weekly U.S. Economic Snapshot: How Are we Doing?

Housing, the weakest of the three legs of the stool supporting the U.S. economy, is finally firming up, or so it seems to investors, economists, real estate agents and buildings after a string of heartening reports so far this year.

AIG Shares Up Following $19.8 Billion Profit Announcement

Shares of American International Group Inc. rose 6 percent in after hours trade on Thursday after it announced that the fourth-quarter profit jumped 77 percent, fueled by a tax benefit and an increase in the value of a stake in Asian insurer AIA Group Ltd .

AIG Posts Large Q4 Profit on Tax Benefit

Bailed-out insurer American International Group reported a profit of $19.8 billion for the fourth quarter, after an accounting determination that it is likely to post future profits let it release the value of some tax benefits.

Fed To Sell Rest of Toxic Waste Bonds From Bailout: Bloomberg

At least one large financial institution has approached the Federal Reserve Bank of New York with an offer to buy out the remaining mortgage-backed toxic waste bonds it received from AIG as collateral for a $19.5 billion bailout in 2008, according to Bloomberg News, as banks are looking to profit from what many see as an incipient turnaround in the U.S. housing market.

American International Group Earnings Preview: Q4 Swings to Profit on Tax Gain

Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, is expected to return to profitability when it reports its fourth-quarter earnings after markets close Thursday. Favorable stock market conditions and less reserve charges may also helped offset large losses stemmed from Thailand floods.

Ex-Goldman Analyst Writes White Collar Crime Tale

The Darlings tells a fictional tale about the downfall of a hedge fund and the wealthy family that owns it during Wall Street's 2008 meltdown, but many aspects of the novel are drawn straight from author Cristina Alger's reality.

Bankers Air Fears over Scope of Swaps Rules

Foreign and U.S. banks warned lawmakers on Wednesday that broad application of U.S. swaps rules could undermine U.S. competitiveness abroad, increase the cost of hedging and even provoke brinkmanship among international regulators.

Goldman Sachs Buys $6.2B in Mortgage Bonds from Fed

Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.

ET, the New Alien Scaring Global Markets

The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop.

Pages

EDITOR'S PICK