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Stock Market & Financial Investment News

News Breaks
January 8, 2013
17:58 EDTAIGAIG board to intends to consider Starr demands
American International Group confirmed that the AIG board of directors will consider, at a meeting scheduled for January 9, the demand served on the AIG board of directors on September 21, 2012, by Starr International Company as to whether AIG will take over, or allow Starr to continue to pursue, a lawsuit that Starr filed on behalf of itself and other AIG shareholders contesting the Constitutionality of certain terms of the U.S. government's rescue of AIG in September 2008. By its demand, Starr requests that the AIG Board authorize AIG to assume control of the claims that Starr is pursuing in AIG's name or allow Starr to pursue these claims on AIG's behalf. Starr's complaint seeks approximately $25B in damages. The board has three options with respect to the derivative claims asserted on its behalf: take over Starr's claims and prosecute them on its own; refuse the demand and prevent the claims from being prosecuted by Starr, a decision Starr is likely to challenge; or allow Starr to prosecute the claims on AIG's behalf. It is the AIG board's obligation and intention to consider seriously Starr's demand and respond to it in a manner that the board believes is in the best interest of the company, taking into account all the relevant circumstances.
News For AIG From The Last 14 Days
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August 4, 2015
09:58 EDTAIGAIG falls after earnings
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August 3, 2015
16:15 EDTAIGAIG raises quarterly dividend by 124% to 28c per share
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16:13 EDTAIGAIG increases share repurchase plan by $5B
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16:11 EDTAIGAIG reports Q2 book value per share excluding AOCI and DTA $62.22
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16:09 EDTAIGAIG boosts buyback by $5B, increases quarterly dividend 124% to 28c per share
On August 3, AIG’s Board of Directors authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $5B, bringing AIG’s remaining share repurchase authorization to approximately $6.3B . On August 3,, AIG’s Board of Directors declared a 124% increase in the quarterly dividend to 28c per share
16:06 EDTAIGAIG reports Q2 operating EPS $1.39, consensus $1.23
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14:59 EDTAIGNotable companies reporting after market close
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14:36 EDTAIGEarnings Watch: AIG to report after bailout ruling removes overhang
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July 30, 2015
13:46 EDTAIGAIG August weekly volatility elevated into Q2 and outlook
AIG August weekly call option implied volatility is at 26, August is at 20, September is at 19; compared to its 52-week range of 12 to 33, suggesting large near term price movement into the expected release of Q2 results on August 4.
July 28, 2015
08:32 EDTAIGAIG to acquire First Principles, terms not disclosed
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08:31 EDTAIGAIG names Douglas Dachille as Chief Investment Officer
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