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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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February 27, 2015
13:23 EDTAIGAIG announces death of Robert H. Benmosche
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February 17, 2015
18:17 EDTAIGJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
13:18 EDTAIGOmega Advisors gives quarterly update on stakes
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February 13, 2015
17:52 EDTAIGThird Point gives quarterly update on stakes
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08:27 EDTAIGAIG says 10%+ ROE remains long-term objective
Annual targets through 2017 include: A 50+ bps increase in ROE, ex. AOCI and DTA; 3%-5% reduction in net expense; 10+% growth in book value per share, ex. AOCI and DTA. Comments from slides that are being presented on the Q4 earnings conference call.

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