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Stock Market & Financial Investment News

News Breaks
June 10, 2014
16:11 EDTAIGAIG names Peter D. Hancock as President and CEO, effective September 1
American International Group announced that its Board of Directors has named Peter D. Hancock as President and CEO, AIG, effective September 1. Hancock will also join AIG’s Board of Directors, effective September 1. He currently serves as Executive Vice President, AIG, and CEO of AIG Property Casualty, and will succeed Robert H. Benmosche, who currently is AIG President and CEO. As of September 1, Benmosche is expected to resign from the AIG Board of Directors and will assume an advisory role at AIG. In that capacity, Benmosche will advise the CEO and continue to be involved in AIG’s internal leadership development programs, as well as mentor and coach AIG managers.
News For AIG From The Last 14 Days
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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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