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Stock Market & Financial Investment News

News Breaks
July 22, 2014
06:43 EDTAZESY, AIGMalaysia Airlines incidents rattle insurance market, NY Times says
The aviation insurance market has been shaken up by the loss of two Malaysia Airlines planes in less than five months, according to The New York Times. The airlines has a relatively high cap of $2.25B for each plane, and its policy does not have a limit for search and rescue costs, the newspaper stated. Allianz (AZESY) was the lead insurer of the Malaysia Airlines plane that disappeared in March, although Allianz only had 9% of the exposure, the newspaper stated. The Atrium Underwriting Group is the lead underwriter for Malaysia Airlines’ war risk insurance, The Times noted. AIG (AIG) also sells aviation insurance. Reference Link
News For AZESY;AIG From The Last 14 Days
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October 30, 2014
11:26 EDTAIGAIG November weekly volatility elevated into Q3 and outlook
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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%.
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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