American International Group Inc
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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.
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Sixty companies in the S&P 500 announced share buyback programs worth at least $1 billion so far this year.
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PONTIAC, Mich, Dec 13- General Motors Co is counting on muscled up, more refined versions of its lucrative Chevrolet Silverado and GMC Sierra full-size pickup trucks to show investors and car buyers that the No. 1 U.S. automaker is back on track.
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Dec 12- To say taxpayers made money from their investment in AIG is to libel the very concept of profit. The Treasury Department announced on Tuesday it would get $7.6 billion from the sale of its remaining government-owned shares in American International Group, taking it to what was widely reported to be a profit of $22.7 billion on the bailout.
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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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*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.
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*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.
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*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.
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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.
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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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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.
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*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.
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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.
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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.
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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 bailout of the insurer in the financial crisis four years ago.
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*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.
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*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.
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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.
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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.
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*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..
