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Stock Market & Financial Investment News

News Breaks
January 3, 2014
08:50 EDTAIG, BAMAIG to sell Indian asset-management unit to Brookfield, Economic Times says
The private equity fund of American International Group (AIG) is closing its operations in India and has agreed to sell its asset-management business in the country to Brookfield Asset Management (BAM), according to Economic Times, citing a person with direct knowledge of the deal. Reference Link
News For AIG;BAM From The Last 14 Days
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October 30, 2014
11:26 EDTAIGAIG November weekly volatility elevated into Q3 and outlook
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October 24, 2014
13:57 EDTBAMBrookfield Residential downgraded to Market Perform at Wells Fargo
Wells Fargo downgraded Brookfield Residential (BRP) to Market Perform from Outperform citing the proposed acquisition by Brookfield Asset Management (BAM).
October 23, 2014
08:12 EDTBAMBrookfield Residential to review Brookfield proposal
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07:04 EDTBAMBrookfield proposes to acquire 30% of BRP not owned for $32.00 per share
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October 21, 2014
14:09 EDTAIGThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
October 20, 2014
06:38 EDTAIGAIG upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.
October 17, 2014
08:14 EDTAIGAIG unlikely to be forced to indemnify government, says Bernstein
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