Hedge fund managers and investment gurus have to notify the SEC about their moves every quarter. Investors pore over this data in the belief the big fish have special insight.» Read More
Some of the names on the move ahead of the open.
Bailed out AIG is considering joining a $25 billion shareholder lawsuit against the government. The New York Time reports.
NEW YORK, Jan 7- New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc shareholders and the insurer's former chief executive and others, a U.S. judge ruled on Monday.
Dan Loeb's Third Point was the clear hedge fund standout in a horrible year for the industry as almost nine out of 10 managers underperformed the S&P 500.
Jan 7- On Monday, Bank of America Corp announced a new round of settlements designed to resolve lingering claims related to its Countrywide Financial acquisition in 2008, including an $11.6 billion agreement with Fannie Mae over requests to buy back soured home loans.
Stocks stand to post "respectable" gains for 2013, Omega Advisors CEO Leon Cooperman says.
After falling 18 percent in 2011, financial stocks are on track for their largest gain in nine years.
Block deals hit a record $57.3 billion this year as they become the mainstay of Asian investment banks, bringing relief to IPO-starved equity capital markets (ECM) bankers in the region.
*Block deals more than doubled to record $57.3 billion- Thomson Reuters data. HONG KONG, Dec 24- Minutes after the market close on a Tuesday in September, a number of bankers in Asia received a phone call from Temasek Holdings looking to unload a big chunk of shares in Singapore Telecommunications Ltd.
Following are 10 of the best and worst trades of the year.
After paying back the U.S. government, American International Group now wants to demonstrate financial strength and start expanding both its life and property and casualty businesses, CEO Robert Benmosche told CNBC.
On the news that the federal government is selling off shares of General Motors, pros Guy Adami and Karen Finerman face off.
Dec 19- General Motors Co said it will buy back 200 million of its shares from the U.S. GM Chief Financial Officer Dan Ammann said on Wednesday the automaker will pay $5.5 billion, or $27.50 a share, for the Treasury-held shares in a deal expected to close by year-end.
Dec 19- Ally Financial Inc, the U.S. auto lender 74- percent owned by the U.S. government, on Wednesday said it repaid its remaining debt issued under a financial-crisis-era program, the latest step in its effort to reimburse taxpayers.
One expert names those top execs who excelled in the high-stakes rescue, restructuring and reinvention roles.
Asian shares posted gains on Tuesday, tracking the overnight gains in U.S. stocks, as fresh signs of compromise maintained a new optimism that the U.S. "fiscal cliff" budget tussle could be settled before tax hikes and spending cuts begin to bite early next year.
HONG KONG, Dec 18- Hong Kong shares slipped for a second straight day on Tuesday, pulled lower by a 3.3 percent loss for AIA Group after American International Group sold its remaining stake in the Asian insurance giant. The Hang Seng Index slipped 0.1 percent, while the China Enterprises Index of the top Chinese listings in Hong Kong edged up 0.1 percent.
HONG KONG, Dec 18- Hong Kong shares slipped for a second straight day on Tuesday, pulled lower by a 3.3 percent loss for AIA Group after American International Group sold its remaining stake in the Asian insurance giant. *AIA Group slid to HK $30.60 at the resumption of trade after American International Group sold its remaining stake in AIA for $6.45 billion.
HONG KONG, Dec 18- China shares advanced over the morning on Tuesday, lifting the Hong Kong market, with the financial sector strong as retail investors chased large cap counters on hopes that the current rally runs through into the new year.
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.