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Stock Market & Financial Investment News

News Breaks
December 17, 2012
19:19 EDTAIGAIG sells 1.65B AIA shares in placement
AIG has priced the sale in Hong Kong of approximately 1.65B ordinary shares of AIA Group Limited by means of a placing to certain institutional investors within the price range of HK$29.65, approximately $3.83 per share, to HK$30.65, approximately $3.95 per share. The exact price will be disclosed before the opening of the Hong Kong market on Tuesday, December 18, 2012 Hong Kong time. This represents all of the AIA ordinary shares owned by AIG.
News For AIG 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 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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