Jobless Claims Get Better, but Remain at High Level
Robert Benmosche
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Once the poster child for the U.S. financial crisis, the insurer's business is now thriving, and the stock has doubled since August of 2009. CNBC's Mary Thompson reports on the company's turnaround.
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May 23- American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, according to two sources familiar with the situation.
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Once the poster child for the U.S. financial crisis, the insurer's business is now thriving, and the stock has doubled since August of 2009. CNBC's Mary Thompson reports on the company's turnaround.
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Jim Cramer explains why he is backing American International Group, even though it is heavily held by hedge funds.
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Robert Benmosche, president & CEO of AIG, explains what stands out to him about the company's earnings.
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AIG announced Friday that it had repaid its final debt to the U.S. Treasury of its $22.7 billion government bailout.
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*HP climbs after earnings, outlook. NEW YORK, Feb 22- U.S. stock index futures rose on Friday, indicating the S&P 500 may halt a two-day losing skid, boosted by positive economic data from Europe and better-than-expected earnings from Hewlett-Packard.
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*4th quarter loss $4 bln, or $2.68 per share. Feb 21- Insurer American International Group Inc reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this year because the company did not meet all of its performance targets.
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*4th quarter loss $4 bln, or $2.68 per share. *Includes $4.4 bln ILFC loss, $1.3 bln in Sandy losses.
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Jan 9- Facing anger from Congress and the American people, AIG Inc said on Wednesday it would not sue the U.S. government over terms of the company's multi-billion dollar bailout.
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CNBC's Mary Thompson has been following AIG's board meeting and offers details. Meanwhile Robert Benmosche, AIG CEO, explains why he decided not to join Hank Greenberg's lawsuit.
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Jan 9- The board of American International Group Inc decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company's bailout, following two days of fevered backlash from Congress and the public over the prospect.
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Jan 9- The board of American International Group Inc met on Wednesday to consider a lawsuit against the U.S. government over the terms of the company's bailout, a discussion directors defended as their responsibility but one that critics condemned as the height of ingratitude.
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HONG KONG, Dec 18- American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.
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HONG KONG, Dec 18- American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.
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*AIG offers AIA shares in range of HK $29.65- HK $30.65- sources. HONG KONG, Dec 17- American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer helped found nearly 100 years ago.
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*AIG to sell shares in range of HK $29.65- HK $30.65- source. HONG KONG, Dec 17- American International Group Inc may raise up to $6.5 billion through the sale of its remaining stake in Asian insurer AIA, a source said on Monday, marking AIG's total exit from a company it has held a stake in for nearly 100 years.
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Dec 14- The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout. Treasury said it received $7.6 billion in proceeds from the sale of its remaining 234 million shares at $32.50 per share.
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*Shares price at $32.50 apiece, for total proceeds of $7.6 bln. By Rick Rothacker and Jochelle Mendonca. Treasury's sale of its remaining stake in American International Group Inc will leave taxpayers with a profit of nearly $23 billion- more than the next three most successful bailouts combined.
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*Shares price at $32.50 apiece, for total proceeds of $7.6 bln. Treasury's sale of its remaining stake in American International Group Inc will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer.
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HONG KONG/ NEW YORK, Dec 7- A group of Chinese companies, including Industrial and Commercial Bank of China, is in talks to buy nearly all of American International Group Inc's aircraft leasing unit for about $5.5 billion, AIG said on Friday.