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American International Group Inc

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  • Shares of property insurers fall as storm looms Friday, 26 Oct 2012 | 12:20 AM ET

    BOSTON-- Shares of property insurers fell more sharply than the broader market on Friday as investors weighed the potential for heavy damages from Hurricane Sandy, which was heading north from Haiti and Cuba toward the East Coast.

  • *Citi, Yahoo, AIG examples show more aggressive boards. NEW YORK, Oct 24- In the summer of 2011, Yahoo Inc's board decided enough was enough. So, the board held a final meeting in Los Angeles, away from Yahoo's Silicon Valley headquarters, to review the company's progress, a source familiar with the matter said.

  • AIG agrees to pay $11M to Illinois, other states Tuesday, 23 Oct 2012 | 10:56 AM ET

    CHICAGO-- Illinois will share part of an $11 million payment as part of an agreement with insurance giant American International Group Inc.. The announcement was made Monday by Illinois Department of Insurance Director Andrew Boron. Illinois was among seven lead states that started discussions with the company.

  • Analysis: Lost in debate: reality of US-China ties Wednesday, 17 Oct 2012 | 10:03 AM ET

    BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.

  • SEC proposes capital rules for derivatives traders Wednesday, 17 Oct 2012 | 12:04 AM ET

    The financial overhaul law passed in 2010 called for new oversight of derivatives, the complex investments blamed for hastening the financial crisis, and required the SEC to write the rules.

  • *Workday shares reach session high $51.32. Oct 12- Shares of Workday Inc. The cloud computing company whose services compete with rivals such as Oracle Corp.

  • stock listing back in May, the Pleasanton, California- based company opened New York Stock Exchange trading at $48.05. Earlier in the week, Workday raised its price range to $24 to $26 per share from $21 to $24 per share. The IPO values the company, founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, at almost $4.5 billion.

  • Oct 12- Fitch Ratings says that Global Senior Loan Index Fund 1 B.V.' s ratings will not be affected by the novation of the currency swap and currency option agreements. The swap and option agreements with Banque AIG and guaranteed by American International Group Inc. have been novated to Deutsche Bank AG.

  • The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 and reached as high as $49.21 after pricing shares above the expected range at $28.00. Duffield and Bhusri left PeopleSoft following its acquisition by Oracle Corp in 2004..

  • The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 and reached as high as $49.21 after pricing shares above the expected range at $28.00. Duffield and Bhusri left PeopleSoft following its acquisition by Oracle Corp in 2004..

  • The company raised $637 million by pricing 22.75 million Class A shares, making it the largest tech IPO since Facebook.

  • *ILFC enters into $2.3 bln committed unsecured credit facility. *ILFC says new credit facility replaces its $2.0 billion unsecured revolving credit facility entered into in January 2011. *Source text* Further company coverage.

  • Midday Movers: AAPL, KMX, MPC & More Monday, 8 Oct 2012 | 12:42 PM ET

    Take a look at some of Monday's midday movers:

  • AIG announces amended 4-year, $4B credit facility Friday, 5 Oct 2012 | 5:45 PM ET

    NEW YORK-- Insurance giant American International Group Inc. said Friday it has agreed on terms of an amended four-year, $4 billion credit facility. Thirty-four banks took part in the facility, with units J.P. Morgan Securities and Citigroup Global Markets acting as leads.

  • *Fiscal 2013 deficit depends on Congress, fiscal cliff. WASHINGTON, Oct 5- The federal budget deficit for the just-ended 2012 fiscal year shrank by $207 billion from the prior year, but still marked its fourth straight year above $1 trillion, Congress' budget referee estimated on Friday.

  • *Announces $4 billion amended and restated bank credit facility. *Says the amended and restated facility replaces the previous $4.5 billion AIG. *Says amended and restated facility replaces the previous $4.5 billion AIG.

  • *Credit Suisse integrated boutique Clariden Leu last year. FRANKFURT/ DUBAI, Oct 4- Falcon Private Bank, a Swiss private bank owned by Abu Dhabi fund Aabar Investments, said it will acquire a London- based unit of boutique Clariden Leu from Credit Suisse, including some 2 billion Swiss francs in assets.

  • Too late for NY prosecution in securities meltdown Thursday, 4 Oct 2012 | 12:22 AM ET

    ALBANY, N.Y.-- While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone. The civil suit claims misconduct by Bear Stearns& Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans.

  • NEW YORK, Oct 3- Hedge fund manager Daniel Loeb built a major position in distressed Greek government bonds in September, according to a monthly report and quarterly letter he sent to his investors.

  • Third Point's Loeb bets big, and wins, on Greek debt Wednesday, 3 Oct 2012 | 12:39 AM ET

    NEW YORK, Oct 3- Hedge fund manager Daniel Loeb built a major position in distressed Greek government bonds in September, according to a monthly report he sent to his investors. Loeb's nearly $5 billion Third Point Offshore Fund gained 3.4 percent last month, helped by its position in Greek debt, said the Sept. 30 dated note which was reviewed by Reuters.