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Stock Market & Financial Investment News

News Breaks
February 21, 2013
16:05 EDTAIGAIG reports pre-tax catastrophe losses from Storm Sandy of $2B
Fourth quarter and full year 2012 results included pre-tax catastrophe losses from Storm Sandy of $2.0B, $1.3B after-tax. Net income for the fourth quarter and full year of 2012 included a $4.4B net loss on sale from discontinued operations associated with the agreement to sell International Lease Finance Corporation, which reduced book value per share by $2.97 per share.
News For AIG From The Last 14 Days
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April 23, 2015
17:17 EDTAIGAir Lease settles AIG litigation, will pay $72M in total
In a regulatory filing, Air Lease (AL) reports that on April 22, 2015, it and certain executive officers and employees of the company entered into a settlement agreement and release with American International Group (AIG), International Lease Finance Corporation, and ILFC’s parent, AerCap Holdings (AER), to settle all ongoing litigation. Pursuant to the terms of the agreement, all claims and counterclaims asserted in the litigation will be dismissed with prejudice, each of the parties to the litigation will receive full releases of all claims and counterclaims asserted in the litigation, and Air Lease will pay AIG the sum of $36M no later than June 30, and an additional sum of $36M no later than September 30, which will be reflected in Air Lease's March 31 financial statements. No party admits any wrongdoing or liability with respect to any matter alleged in the litigation.
April 17, 2015
08:29 EDTAIGAIG reserves to become tailwind this year, says Bernstein
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April 16, 2015
08:56 EDTAIGAIG says Doug Steenland to succeed Steve Miller as non-executive chairman
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07:26 EDTAIGAIG shares remain attractive, says Deutsche Bank
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April 15, 2015
16:34 EDTAIGAIG invests in K2 Intelligence
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15:56 EDTAIGAIG to invest in K2 Intelligence, NY Times says
AIG plans to announce that it has made an investment in investigations firm K2 Intelligence, though terms of the investment were not disclosed, reported The New York Times. Reference Link
10:36 EDTAIGBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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