Xerox shares turned lower a day after activist investor Carl Icahn disclosed a new 7.1 percent stake in what he called an "undervalued" company.» Read More
CNBC's David Faber discusses the latest from AIG and talks on a split.
Nov 3- Breaking up American International Group Inc does not "make financial sense" Chief Executive Peter Hancock said on Tuesday, responding to proposals made by billionaire investor Carl Icahn last week. Icahn, in one of the largest activist campaigns of the year, wrote to Hancock urging AIG to break itself apart, cut costs more aggressively and give back more to...
NEW YORK, Nov 3- Just before Bill Ackman gave a presentation on Friday to defend one of his biggest investments, Valeant Pharmaceuticals, from allegations of accounting and insurance fraud, he was taunted by John Hempton, who runs a small hedge fund from Australia. For Ackman's Pershing Square Capital Management hedge fund that is a scary thought.
Peter Hancock, AIG CEO, shares his thoughts on the company's earning miss and how they plan to address it. Also Hancock says he plans on meeting with Carl Icahn in his office and is open to ideas.
Peter Hancock, AIG CEO, discusses how he plans to increase return on equity to shareholders. Also Hancock address the company's investment s in hedge funds and reallocation of assets.
It would not release any additional capital, says Peter Hancock, AIG CEO, discussing why he doesn't agree with activist investor Carl Icahn's call to break up the company.
Randy Binner, FBR Capital Markets breaks down AIG's quarterly results and shares his thoughts on activist Carl Icahn's call to break up the company into three separate parts.
AIG posted earnings below analysts' most pessimistic estimates and announced restructuring, which a source said includes job cuts.
Nov 2- American International Group Inc's quarterly operating profit plunged as income at all but one of its underwriting businesses declined and tumultuous markets hurt its investments. AIG, the largest commercial insurer in the United States and Canada, also incurred a hefty $274 million pretax restructuring charge that also hurt results in the quarter.
AIG is considering spinning off or selling its mortgage insurance segment amid pressure to split, according to a report.
Oct 29- American International Group Inc directors are discussing a spinoff or sale of the company's small mortgage-insurance business as it faces new pressure from shareholders to break itself apart, the Wall Street Journal reported, citing people familiar with the matter. Billionaire investor Carl Icahn published a letter on Wednesday advising CEO...
Oct 29- Pfizer Inc, the No. 1 U.S. drugmaker, and Botox maker Allergan Plc said they were in friendly talks to create a pharmaceutical colossus but the prospect that the company would seek to avoid U.S. taxes sounded political alarm bells. Both New York- based Pfizer and Dublin- based Allergan said no agreement has been reached and declined to discuss any terms of the...
The latest details on activist investor Carl Icahn and his stake in AIG, calling for it to split into three companies, with CNBC's Bob Pisani.
Oct 28- Activist investor Carl Icahn said he owns a "large stake" in American International Group Inc and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a systemically important financial institution. AIG's shares shot up as much as 4 percent in heavy trading on Wednesday after Icahn released his proposal,...
*Fed statement scheduled for 2 p.m. ET. Oct 28- U.S. stocks were higher on Wednesday, boosted by gains in Apple and a sharp bounce in energy stocks, ahead of the Federal Reserve's statement on interest rates. The market is likely to remain calm until after the Fed's announcement, said Jeff Powell, managing partner of Polaris Wealth Advisors.
CNBC's Sue Herera covers the top stories of the day, including a plea to the United Nations from Palestinian President Mahmoud Abbas as tensions with Israel worsen.
Investor Carl Icahn is calling for AIG to split into three companies. CNBC's Dominic Chu explains why.
The "Fast Money" traders weigh in on Carl Icahn's call for AIG to break apart into three independent public companies and separate its life and mortgage businesses.
Activist investor Carl Ichan is urging AIG to split up, reports CNBC's Sue Herera.
Oct 28- Activist investor Carl Icahn disclosed a "large stake" in American International Group Inc and urged the company to spin off its life and mortgage insurance units into public companies to shed the U.S. government's "too-big-to-fail" tag. AIG, the largest commercial insurer in the United States and Canada, was labeled systemically important by a top U.S....