Stock Market & Financial Investment News

News Breaks February 21, 2013 16:05 EDT AIG AIG 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 Check below for free stories on AIG the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 18, 2013 10:48 EDT AIG AIG subsidiary expands order for LEAP-1A engines Subscribe for More Information 07:21 EDT AIG AIG ILFC sale could be terminated, says Bernstein Subscribe for More Information June 17, 2013 08:02 EDT AIG AIG extends deadline for ILFC sale deal, can solicit other offers Subscribe for More Information 07:15 EDT AIG ILFC signs LOI to purchase 50 Embraer E-Jets E2 aircraft Subscribe for More Information 06:24 EDT AIG AIG subsidiary ILFC to purchase 50 incremental A320neo aircraft from Airbus Subscribe for More Information June 16, 2013 21:30 EDT AIG ILFC said to be set to order $5B worth of Airbus jets, Reuters reports Subscribe for More Information June 13, 2013 08:38 EDT AIG AIG management to meet with Deutsche Bank Subscribe for More Information June 12, 2013 09:17 EDT AIG AIG management to meet with Deutsche Bank Subscribe for More Information June 7, 2013 08:17 EDT AIG PIMCO supports BofA's $8.5B mortgage settledment, Bloomberg reports Bank of America's (BAC) $8.5B mortgage-bond settlement is “outstanding” for investors, says Kent Smith, an executive VP at Pimco who helped negotiate the agreement, and who testified in a trial over the agreement, reports Bloomberg. The settlement was reached after an investor group that included Pimco and BlackRock (BLK) at first demanded $12B. The accord resolves claims from Countrywide Financial mortgage-bond investors over loans bundled into securities. AIG (AIG) is fighting the settlement, saying Bank of America isn’t paying enough to compensate investors. Reference Link June 5, 2013 10:07 EDT AIG On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Audience (ADNC) initiated with a Hold at Benchmark Co.... Bank of Ireland (IRE) initiated with an Underweight at HSBC... Ellie Mae (ELLI) initiated with an Outperform at FBR Capital... Haemonetics (HAE) initiated with an Outperform at William Blair... Jive Software (JIVE) initiated with a Buy at Janney Capital... Northern Tier (NTI) initiated with a Buy at Citigroup... Workday (WDAY) initiated with a Market Perform at FBR Capital... Carlyle Group (CG) initiated with a Buy at Sandler O'Neill... XL Group (XL) initiated with a Neutral at Nomura... Travelers (TRV) initiated with a Neutral at Nomura... Marsh & McLennan (MMC) initiated with a Neutral at Nomura... Aon plc (AON) initiated with a Neutral at Nomura... Allstate (ALL) initiated with a Neutral at Nomura... AIG (AIG) initiated with a Neutral at Nomura... ACE Ltd. (ACE) initiated with a Buy at Nomura... Progressive (PGR) initiated with a Reduce at Nomura... First Solar (FSLR) coverage assumed with a Sell at Maxim... Jive Software (JIVE) reinstated with a Neutral at Credit Suisse... Standard Pacific (SPF) initiated with a Buy at BofA/Merrill... Axiall (AXLL) initiated with a Buy at BofA/Merrill. 09:19 EDT AIG AIG reports escrow agent received deposit for ILFC deal American International Group disclosed in a regulatory filing that on June 5 its Escrow Agent advised AIG that it had received the Deposit Amount related to the Share Purchase Agreement, dated as of December 9, 2012, by and among AIG, its subsidiary AIG Capital, and Jumbo Acquisition Limited related to the purchase up to 90.0% of International Lease Finance Corporation’s common stock. 08:26 EDT AIG AIG initiated with a Neutral at Nomura 06:09 EDT AIG AIG says $8.5B settlement with BofA not big enough, Reuters reports Subscribe for More Information June 4, 2013 16:00 EDT AIG AIG's Benmosche says has to make decision on ILFC June 14 Subscribe for More Information 15:49 EDT AIG AIG CEO says company still has option for ILFC IPO 15:42 EDT AIG AIG CEO says ILFC deal hasn't been terminated Subscribe for More Information 12:32 EDT AIG On The Fly: Midday Wrap Subscribe for More Information 11:27 EDT AIG AIG management to meet with Sterne Agee Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.