A report said Devon Energy, Anadarko Petroleum and Facebook are among the multinational S&P 100 corporations hit with the highest tax rates in 2013.» Read More
Check out which companies are making headlines after the bell Monday: AIG, Avis, Tenet Healthcare & more.
Aug 4- American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across all its key businesses, and the insurer said it would expand its buyback program by $2 billion.
Aug 4- American International Group Inc reported a 12.5 percent rise in quarterly profit, helped by strong performance across all its key businesses. Net income attributable to AIG rose to $3.07 billion, or $2.10 per share, in the second quarter ended June 30 from $2.73 billion, or $1.84 per share, a year earlier.
U.S. stock index futures take their lead from Europe and show signs of recovery following last week's global stock market rout.
WASHINGTON, July 31- The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. FSOC said it had agreed in its closed-door meeting not to rescind the designations of two other non-banks, American International Group and GE Capital.
WASHINGTON, July 31- A U.S. regulatory panel tasked with policing the biggest risks to the financial system said on Thursday it plans to launch a "more focused analysis" of the asset management industry.
July 30- MetLife Inc reported a lower-than-expected quarterly profit as the largest U.S. life insurer paid out more in claims, sending its shares down nearly 2 percent.
NEW YORK, July 29- Awas, the aircraft leasing company owned by British private equity firm Terra Firma, is working on a break-up that could value the Dublin- based lessor at roughly $13 billion, according to people familiar with the matter.
WASHINGTON, July 24- A U.S. Senate panel will meet next Thursday to discuss results of a much anticipated government study that looked at whether the biggest banks can borrow at lower interest rates because investors think they would be bailed out in a crisis.
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
July 21- The U.S. commonwealth of Puerto Rico asked a federal court to dismiss as premature a lawsuit filed by U.S. mutual funds that sought to strike down a recently enacted Puerto Rican law that the funds said posed a threat to American investors.
NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.
July 16- Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis.
NEW YORK, July 16- Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.
American International Group has reached a $650 million settlement with Bank of America over residential mortgage related disputes.
Some of the names on the move ahead of the open.
WASHINGTON, July 15- A Republican member of the U.S. Securities and Exchange Commission slammed the Federal Reserve and a council of financial regulators on Tuesday, accusing them of a power grab on everything from asset managers to high-speed trading.
His days start at 5:15 a.m. and end at 11 p.m. But the long hours more than pay off for Leon Cooperman, the billionaire founder of Omega Advisors.
It feels like the malaise of the Jimmy Carter presidency and the nation needs Ronald Reagan-type reform, says turnaround expert Steve Miller.
NEW YORK, July 6- When Goldman Sachs' then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank's management didn't know who would lead the firm.