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American International Group Inc

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  • *Indexes up: Dow 0.6 pct, S&P 500 0.7 pct, Nasdaq 1.2 pct. NEW YORK, Dec 11- U.S. stocks rose on Tuesday, led by gains in technology companies, helping the S&P 500 end at its highest level since Election Day. U.S. Senate Majority Leader Harry Reid said it will be difficult to reach agreement resolving the cliff tax hikes and spending cuts before Christmas.

  • US STOCKS-Tech titans, 'cliff' hopes push indexes up Tuesday, 11 Dec 2012 | 1:08 PM ET

    *Apple up 3.1 pct, leads tech after recent weakness. NEW YORK, Dec 11- Rising shares in technology companies helped push major stock indexes up around 1 percent on Tuesday, as the S&P 500 reached its best levels since mid-October, recouping its post-election selloff.

  • US STOCKS-Tech shares propel Wall St higher; Fed eyed Tuesday, 11 Dec 2012 | 10:24 AM ET

    *Technology shares lift markets, Apple up 2 pct. NEW YORK, Dec 11- Wall Street opened higher on Tuesday, lifted by gains in shares of technology companies as investors picked up some recent laggards, including Apple. Apple was recently up 2.5 percent at $543.18.

  • NEW YORK, Dec 11- Wall Street was poised to open higher on Tuesday after unexpectedly cheery data out of Europe and as the Federal Reserve was set to kick off its two-day policy meeting.

  • *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.

  • Early Movers: DG, TD, PETM & More Tuesday, 11 Dec 2012 | 8:09 AM ET

    Some of the names on the move ahead of the open.

  • Dec 11- American International Group Inc said the U.S. The Treasury is selling its last 234.2 million shares of AIG common stock for $32.50 per share, raising around $7.6 billion. The Treasury said it had realized a positive return of $5 billion on the $182 billion bailout while the Federal Reserve had made $17.7 billion.

  • *Citic Pacific up 3.9 pct after tapping debt market. HONG KONG, Dec 11- Chinese shares eased from the previous session's one-month high with weak mainland markets paring Hong Kong's gains as investors stayed cautious ahead of the U.S.

  • 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.

  • Hong Kong shares end up, AIA's rise offsets weak China Tuesday, 11 Dec 2012 | 3:04 AM ET

    HONG KONG, Dec 11- Hong Kong shares managed to eke out gains on Tuesday helped by a strong day for AIA, which countered weakness in China plays hit by profit-taking as mainland markets eased from a one-month high. In China, the CSI300 of top Shanghai and Shenzhen listings fell 0.6 percent to 2,258.5 while the Shanghai Composite shed 0.4 percent to close at 2,074.7.

  • *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 bailout of the insurer in the financial crisis four years ago.

  • *Apple up 3 pct, leads tech after recent weakness. NEW YORK, Dec 11- Technology shares led a 1 percent rise in major stock indexes on Tuesday, pushing the S&P 500 to its best levels since mid-October and erasing all of the post-election selloff. The Nasdaq was lifted by a 3 percent gain in Apple Inc's stock to $545.37.

  • China shares ease after rally, Hong Kong edges up Tuesday, 11 Dec 2012 | 12:11 AM ET

    *Citic Pacific up 3.7 pct after tapping debt market. HONG KONG, Dec 11- Chinese shares eased from the previous session's one-month high with weak mainland markets cutting into Hong Kong's gains as investors stayed cautious ahead of the U.S.

  • The U.S. Treasury is selling its remaining stake in insurer American International Group, bringing an end to government ownership of the company about four years after a $182 billion bailout.

  • Treasury is selling its remaining stake in insurer American International Group Inc, bringing an end to government ownership of the company about four years after a $182 billion bailout.

  • *Offer worth $7.8 bln at Monday's closing share price of $33.36. At Monday's closing share price of $33.36, the stake would be worth some $7.81 billion. Treasury said that the sale, which is expected to price imminently, would be jointly led by Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs and JPMorgan Chase& Co..

  • After-Hours Buzz: LTD, GILD & More Monday, 10 Dec 2012 | 5:10 PM ET

    Check out which companies are making headlines after the bell Monday.

  • WASHINGTON, Dec 10- The U.S. Treasury is selling its remaining stake in insurer American International Group Inc, bringing an end to government ownership of the company four years after it was rescued from the brink of bankruptcy. Treasury said that the sale would be jointly led by Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs and JPMorgan.

  • Dow Logs 4-Day Win Streak; Apple Slips Monday, 10 Dec 2012 | 4:22 PM ET

    Stocks struggled to hold their gains Monday, as investors remained reluctant to jump in amid ongoing "fiscal cliff" negotiations.

  • Deals of the day -- mergers and acquisitions Monday, 10 Dec 2012 | 4:08 PM ET

    **Nexen Inc's chief executive said on Monday that the $15.1 billion acquisition of the Canadian oil producer by China's CNOOC Ltd was not yet wrapped up despite the Canadian government's approval last week.