American International Group Inc


  • NEW YORK, March 5- A New York state appeals court on Thursday approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety. Bank of America had agreed to the 2011 settlement with 22 institutional investors including BlackRock Inc, MetLife Inc and Allianz SE's Pacific Investment Management Co to resolve claims...

  • *Higher fund flows coming from eastern Europe to Dubai. Swiss-based but Abu Dhabi- owned Falcon would be open to deals covering its core target markets of the Gulf, Eastern Europe, Africa and South East Asia, according to Erich Pfister, who took up the role in January. The last major acquisition by Falcon, which manages around 16 billion francs of assets, was the...

  • The buyback bull market: Purchases hit record Wednesday, 4 Mar 2015 | 7:40 AM ET
    People walk by a sign in front of a Home Depot store in El Cerrito, Calif.

    In February, more companies than ever said they would be buying back their shares, adding fuel to this bull market.

  • Robert Benmosche, who rescued AIG, dies at 70 Friday, 27 Feb 2015 | 6:40 PM ET
    Robert Benmosche, CEO and president of AIG.

    Robert H. Benmosche, who restored AIG to health after taxpayers rescued it with a $182 billion bailout, died Friday, The New York Times reported.

  • AIG stronger because of Benmosche: CEO Friday, 27 Feb 2015 | 5:54 PM ET
    Robert Benmosche, CEO and president of AIG.

    AIG would not be the company it is today if not for former CEO and President Robert "Bob" Benmosche, AIG's CEO told CNBC Friday.

  • NEW YORK, Feb 27- Robert Benmosche, who headed insurer American International Group after a massive government bailout at the height of the financial crisis, died on Friday at 70, the company said in a statement. Benmosche, who was president and chief executive officer of AIG between August 2009 and September 2014, died at NYU Langone Medical Center in New York...

  • Former AIG chief Bob Benmosche dies at age 70 Friday, 27 Feb 2015 | 2:25 PM ET
    Robert Benmosche

    After bad bets on derivatives nearly sank AIG during the financial crisis, Bob Benmosche helped steer it to profitability.

  • Early movers: GPS, ANF, VFC, DTE, CAG & more Friday, 13 Feb 2015 | 7:54 AM ET
    Traders on the floor of the New York Stock Exchange.

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

  • SAN FRANCISCO, Feb 13- President Barack Obama will meet with chief executive officers on Friday at a summit in Silicon Valley held by the White House that aims to build support for beefing up cybersecurity laws in the wake of massive hacks at Target Corp, Sony Corp and Anthem Inc. "By getting this right, businesses and people around the world will continue to want to...

  • NEW YORK, Feb 12- American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results. The New York- based company, the largest commercial insurer in the United States and Canada, reported a 67 percent drop in net income to $655 million, or $0.46 per...

  • AIG misses on profit, announces $2.5B buyback Thursday, 12 Feb 2015 | 5:10 PM ET
    A pedestrian walks past the American International Group offices in New York.

    AIG reported quarterly profit that missed Wall Street expectations.

  • After-hours buzz: AIG, CBS, King Digital & more Thursday, 12 Feb 2015 | 5:09 PM ET
    NYSE New York Stock Exchange traders markets

    Check out which companies are making headlines after the bell Thursday: AIG, CBS, King Digital & more.

  • Traders work on the floor of the New York Stock Exchange.

    Stocks closed sharply higher as investors cheered a deal between Russia and Ukraine, amid firming oil prices and strong earnings reports.

  • Greece is simply 'too big to fail': Yoshikami Thursday, 12 Feb 2015 | 1:55 PM ET
    Protesters take part in an anti-austerity pro-government demonstration in front of the parliament in Athens February 11, 2015.

    Here's why markets shouldn't be worried about Greece not honoring past debt agreements, says Michael Yoshikami.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a higher open on Thursday, following gains in Europe on the back of strong bank earnings.

  • Wall Street shrugs off Greece fears, eyes retail sales Thursday, 12 Feb 2015 | 5:56 AM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a higher open on Thursday, following gains in Europe on the back of strong bank earnings.

  • Looking for solid ground in Greece, US data Wednesday, 11 Feb 2015 | 7:15 PM ET
    A man adjusts a Greek flag ahead of the visit of Greek Prime Minister Alexis Tsipras at the European Commission headquarters in Brussels February 4, 2015.

    Europe will take central focus, as investors take in the latest developments on the Greek-euro zone standoff while eyeing U.S. data.

  • Feb 11- United State's largest life insurer MetLife Inc reported a better-than-expected quarterly profit due to gains from investments and derivatives, reflecting falling interest rates and a rising dollar. MetLife reported net investment gains of $230 million in the fourth quarter ended Dec. 31, compared with a loss of $178 million a year earlier.

  • Where you can find opportunity: Goldman's Kostin Tuesday, 10 Feb 2015 | 11:52 AM ET
    David Kostin, chief U.S. equity strategist at Goldman Sachs Group.

    Valuations are stretched right now, but investors looking to make money can find opportunity, Goldman's David Kostin told CNBC. Here's where.

  • Here's how to find winners when rates rise Friday, 6 Feb 2015 | 11:15 AM ET

    After a better-than-expected jobs report, it may be finally time to dust off those rising-rate trades.