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Stock Market & Financial Investment News

News Breaks
December 11, 2012
07:22 EDTAONE, NXY, AIG, CEOChina spends record $57.2B in 2012 on outbound acquisitions, FT says
Chinese companies made noteworthy acquisitions in a diverse set of industries this past weekend, including purchases in energy, aircraft leasing and electric cars, and bankers see the trend of China being one of the world’s biggest forces in mergers and acquisitions continuing next year, according to Financial Times. China has already spent a record $57.2B on outbound acquisitions this year, the report noted, citing Dealogic. Reference Link
News For NXY;CEO;AIG;AONE From The Last 14 Days
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May 20, 2013
13:07 EDTAIGAIG to own 9.9% of shares in PICC Property & Casualty
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May 17, 2013
08:53 EDTAIGJPMorgan's life insurance analyst holds an analyst/industry conference call
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May 16, 2013
16:22 EDTAIGForest City, AIG form strategic equity partnership for project in Dallas
Forest City Enterprises (FCE.A, FCE.B) announced that it has closed a strategic capital partnership with AIG Global Real Estate (AIG) for the development of 3700M, a 381-unit apartment project in the West Village neighborhood of Dallas. Forest City and AIG will share ownership and fund the equity requirements for the project, which began construction in December 2012 and is expected to be completed in the third quarter of 2014.
08:33 EDTAIGBofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.
May 15, 2013
17:26 EDTAIGThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
17:03 EDTAIGSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
May 13, 2013
10:09 EDTAIGOn The Fly: Analyst Upgrade Summary
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06:23 EDTAIGAIG upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded AIG based on upside to its capital management story driven by buybacks and expanding ROE. Price target raised to $52 from $41.
May 8, 2013
13:36 EDTAIGAIG price target raised to $50 from $45 at Argus
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10:27 EDTAIGHertz, Spark Networks among Tilson's new picks, Business Insider says
Hedge fund manager Whitney Tilson gave two new stock picks-- Hertz (HTZ) and Spark Networks (LOV)-- at the Value Investing Congress in Las Vegas this week and also gave an update on some of his other favorites, including AIG (AIG), Berkshire Hathaway (BRK.A) and Netflix (NFLX), reported Business Insider. Reference Link
May 7, 2013
13:01 EDTAIGAIG can sue BofA over mortgages, judge says, WSJ reports
A federal judge has ruled that American International Group (AIG) has the right to sue Bank of America (BAC) over more than $7B of mortgage-investment losses, reports the Wall Street Journal. U.S. District Judge Mariana Pfaelzer said that AIG did not give up its right to pursue certain legal claims when it unloaded the investments as part of its 2008 bailout. Reference Link
10:00 EDTAIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sell from Hold at Brean Capital... AIG (AIG) downgraded to Neutral from Buy at Goldman... Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Eagle (AEO) downgraded to Market Perform from Outperform at Wells Fargo... Coach (COH) downgraded to Market Perform from Outperform at Wells Fargo... Iconix Brand (ICON) downgraded to Hold from Buy at Brean Capital... International Rectifier (IRF) downgraded to Market Perform at JMP Securities... Mettler-Toledo (MTD) downgraded to Hold from Buy at Jefferies... TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo... Tiffany (TIF) downgraded to Market Perform from Outperform at Wells Fargo... North American Palladium (PAL) downgraded to Market Perform at Raymond James... Ducommun (DCO) downgraded to Neutral from Buy at B. Riley... International Rectifier (IRF) downgraded at JMP Securities... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at Lazard Capital.
06:13 EDTAIGAIG downgraded to Neutral from Buy at Goldman
Goldman downgraded AIG citing valuation. Price target remains $46.

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