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Stock Market & Financial Investment News

News Breaks
April 25, 2012
04:42 EDTAL, AIGAir Lease issues statement regarding AIG's lawsuit
Air Lease Corp. made the following statement: Since Air Lease's founding in 2010, it has experienced terrific success in the marketplace and among investors. In contrast, following AIG’s (AIG) financial collapse, its subsidiary International Lease Finance Corp. has struggled with an aging fleet, heavy debt load, and loss of talent, and has failed to complete a planned IPO. Unable to compete effectively and perceiving Air Lease as a growing threat, AIG/ILFC has now resorted to a baseless trade secrets lawsuit that Air Lease will vigorously contest and defeat. And while AIG/ILFC wastes its time in court, Air Lease – under the leadership of Steve Udvar-Házy, one of the most influential figures in the aircraft leasing industry – will continue to focus on providing the best products and services for airlines worldwide.
News For AL;AIG From The Last 14 Days
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October 21, 2014
14:09 EDTAIGThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
10:00 EDTALOn The Fly: Analyst Upgrade Summary
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07:00 EDTALAir Lease upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Air Lease to Outperform with a $46 price target based on valuation, 20%+ EPS growth, and a significant order book that will drive portfolio growth.
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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