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News Breaks
November 23, 2009
08:25 EDTAIG
theflyonthewall.com: AIG rating removed as restructuring success is uncertain, says Fox-Pitt
Fox-Pitt moved AIG's rating to Not Rated as they question the timing and potential success of the company's restructuring process. :theflyonthewall.com



News For AIG From The Last 14 Days
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February 9, 2012
06:03 EDTAIG
theflyonthewall.com: Goldman Sachs wins auction for AIG risky bonds, WSJ reports

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February 8, 2012
12:07 EDTAIG
theflyonthewall.com: AIG volatility low into Q3 and capital outlook
AIG March put option implied volatility is at 37, May is at 39; below its 26-week average of 44 according to Track Data, suggesting decreasing price movement into the expected release of Q3 results on Febrary 24. :theflyonthewall.com

February 7, 2012
07:16 EDTAIG
theflyonthewall.com: Federal Reserve Bank of New York selling AIG subprime bonds, WSJ reports

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06:16 EDTAIG
theflyonthewall.com: On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Five Wall Street banks were invited to bid this week on a multibillion-dollar bundle of risky mortgage bonds held by the Federal Reserve Bank of New York as a result of its 2008 rescue of AIG (AIG). The firms are the U.S. securities arms of Barclays (BCS), Credit Suisse (CS), Goldman Sachs (GS), Morgan Stanley (MS) and Royal Bank of Scotland (RBS), the Wall Street Journal reports...Walt Disney Co. (DIS) and Univision Communications Inc. are in talks to create a new 24-hour cable-news channel that will broadcast in English, the Wall Street Journal reports...REUTERS: The Fed will meet on Wednesday to consider Capital One Financial Corp.'s (COF) bid to acquire ING Groep NV's (ING) U.S. online banking unit, ING Direct, for $8.9B, a deal criticized by some consumer groups, Reuters reports...BLOOMBERG: No North American miner is a cheaper takeover candidate than Cliffs Natural Resources (CLF) which sells for 6.4 times its cash from operations, after deducting capital expenses, according to data compiled by Bloomberg. That’s less than every other metals or mining company in the U.S. or Canada exceeding $5B in market value, and a 70% discount to the median, and is also the least expensive relative to its estimated net income this year and next, the data show, Bloomberg reports. :theflyonthewall.com

February 4, 2012
13:59 EDTAIG
theflyonthewall.com: Fitch affirms AIG's Sr notes, IFS Ratings; upgrades subordinated notes
Fitch Ratings has affirmed its 'BBB' rating on American International Group, Inc.'s (AIG) senior unsecured notes and its 'A' Insurer Financial Strength (IFS) ratings on various AIG insurance company subsidiaries, all with a Stable Rating Outlook. Additionally, Fitch has affirmed AIG's Issuer Default Rating (IDR) at 'BBB' and revised the Rating Outlook to Positive from Stable. Fitch has also upgraded its ratings on AIG's various subordinated debt issues to 'BB' from 'BB-'. Today's rating actions follow a periodic review of AIG's recent operational and financial results. Fitch's ratings on AIG and its subsidiaries primarily reflect the benefits of the AIG organization's strong competitive positions in life and non-life insurance partially offset by the comparatively poor recent operating results of the company's core insurance operations. The Positive Outlook on AIG's IDR and the upgrade of the company's subordinated securities ratings reflect improvements in the AIG's liquidity and financial profile over the last 12-18 months as it shed operations and de-leveraged :theflyonthewall.com

February 3, 2012
07:28 EDTAIG
theflyonthewall.com: AIG CEO says company focused on growth, Bloomberg reports

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06:20 EDTAIG
theflyonthewall.com: On the Fly: Periodicals Wrap-Up

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February 2, 2012
07:53 EDTAIG
theflyonthewall.com: AIA Group selects advisers for ING Asian operations bid, Reuters reports
AIA Group Ltd is expected to select Deutsche Bank (DB) and Morgan Stanley (MS) as their advisers as they consider a bid for ING's (ING) Asian insurance operations, sources say, a deal that could valued at over $6B, reports Reuters. Reference Link :theflyonthewall.com

January 31, 2012
13:00 EDTAIG
theflyonthewall.com: Sliding AIG, GM shares will hit TARP with $23B loss in 2012, WSJ reports

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January 30, 2012
10:17 EDTAIG
theflyonthewall.com: AIG hit with major class action lawsuit, Courthouse News says

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January 27, 2012
15:28 EDTAIG
theflyonthewall.com: A.M. Best revises outlook to stable for AIG's domestic life/health subsidiaries
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A and issuer credit ratings of "a" of the domestic life/health subsidiaries of American International Group (AIG). AIG's domestic life/health companies are collectively referred to as SunAmerica Financial Group. :theflyonthewall.com
15:26 EDTAIG
theflyonthewall.com: A.M. Best revises outlook to stable for most AIG property/casualty companies

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07:15 EDTAIG
theflyonthewall.com: AIG may want to buy life insurer, considers AIA Group, Reuters reports

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06:20 EDTAIG
theflyonthewall.com: On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Last year investors and traders reduced bets on 13 key commodity contracts by 19%, the biggest in about a dozen years, outpacing the flight during the 2008 financial crisis, according to a Wall Street Journal/Dow Jones Newswires analysis of U.S. Commodity Futures Trading Commission data, the Wall Street Journal reports...REUTERS: The EU and IMF want Greece to make more budget cuts and put into effect a numbers of agreed upon austerity measures before they agree on a new bailout to avert bankruptcy, a report obtained by Reuters shows...AIG (AIG) Chairman Miller said the company may eventually want to buy a life insurer outside the U.S., including possibly a larger stake in the spun-off Asian unit AIA Group, Reuters reports...BLOOMBERG: PepsiCo (PEP) CEO Nooyi may increase the advertising and marketing budget for Pepsi and its other drinks by as much as $600M, or 50%, to $1.7B, as its battles Coca-Cola (KO) for market share, Bloomberg reports. :theflyonthewall.com

January 26, 2012
10:32 EDTAIG
theflyonthewall.com: On The Fly: Analyst Initiation Summary

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