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News Breaks
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November 25, 2009
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| 05:43 EDT |  | AIG |
| theflyonthewall.com: | AIG implements CEO Benmosche's compensation agreement | | As required by New York Stock Exchange rules, American International Group announced that it is implementing Robert Benmosche’s previously announced compensation agreement. AIG disclosed the agreement on August 17th, 2009, in a Form 8-K filed with the SEC. Under the previously disclosed agreement, Benmosche will receive an annual salary of $3M in cash and $4M in AIG common stock. Benmosche will receive the stock in bi-weekly awards that will be issued in accordance with the employment inducement award exemption provided by Section 303A.08 of the New York Stock Exchange Listed Company Manual; therefore, the shares will not be awarded under any of AIG’s shareholder-approved equity plans. The maximum number of shares that AIG could issue to Mr. Benmosche under this exemption is 245,000. The shares will vest immediately upon award, but are restricted from sale for five years from Mr. Benmosche’s hire date of August 10, 2009. The shares relating to bi-weekly periods since August 10 were granted on November 24, 2009 on the basis of the closing price of AIG shares on that date. :theflyonthewall.com |
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February 9, 2012
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| 06:03 EDT |  | AIG |
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February 8, 2012
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| 12:07 EDT |  | AIG |
| 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 |
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February 7, 2012
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| 07:16 EDT | | AIG |
| | 06:16 EDT | | AIG |
| 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 |
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February 4, 2012
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| 13:59 EDT | | AIG |
| 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 |
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February 3, 2012
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| 07:28 EDT | | AIG |
| | 06:20 EDT | | AIG |
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February 2, 2012
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| 07:53 EDT | | AIG |
| 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 |
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January 31, 2012
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| 13:00 EDT | | AIG |
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