American International Group Inc
NYSE: AIG
$77.19
+$0.89 (+1.2%)
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AIG Articles
According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs. Reuters reports that Boeing (BA) will sign a new deal with machinists....
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According to Reuters, US car sales are expected to be down sharply for November. Reuters reports that the global recession is hurting Asian factories. Reuters reports that the GM (GM) board is...
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According to Reuters, markets in Asia and Europe ross about 2% Reuters reports that the downturn in the Chinese economy deepened. Reuters reports that BHP Billiton (BHP) was gloomy about its...
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AIG is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury. If AIG defaults, the federal government gets the bag. That is the great part...
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According to Reuters, Paulson has turned his back on giving insurance companies part of the bailout Reuters reports that Rio Tinto (RTP) is faced with selling assets, Reuters reports that the head of...
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The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home equity loan, and the bank has reposed his credit card. It may...
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It has come to this. Will the federal government allow the shares of Citigroup (C) to open for trading on Monday morning without a plan in place to support the bank or a buyer for the firm? The way...
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It would make sense that Citigroup (C) has been talking to the Fed, FDIC, and Treasury over the last few days. Even if Vikram Pandit wanted to dodge those talks, the feds would knock down his door if...
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At last Citigroup (C) has decided to do something to save itself beyond having town hall meetings and firing tens of thousand of people. Shares of the big bank fell to a low of $3.57. In the summer...
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This is not going to be a pleasant topic, but by now we are all probably more than used to unpleasant economic topics. The Dow Jones Industrial Average may follow its trend of booting some...
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No one knows what a Great Depression would look like in 2009. It would not necessarily have to match the 25% or so unemployment rate which was the high-water mark of joblessness in the 1930s. The...
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A quick look at bank stocks would indicate that Wall St. is not terribly impressed with the Paulson $700 billion bailout plan. Citigroup (C), the whipping boy of the group, may be at a multi-year...
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According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is looking into...
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The market is treating Citigroup (C) as if it knows something about the bank’s near-term fortunes and that something is not good. Shares in the bank have been off 21% to $6.60. What is remarkable...
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If the press is right, Citigroup (C) is about to hold a big pep rally with its CEO Vikram Pandit raising the cheer followed by an announcement that it will fire another 35,000 people. Morale will...
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