American International Group Inc
NYSE: AIG
$77.10
+$0.80 (+1.1%)
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AIG Articles
According to Reuters, Greenspan said he was shocked by the credit meltdown. Reuters reports that the value of Bear Stearns $30 billion mortgage portfolio fell 9%. Reuters writes that Asia and Europe...
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According to Reuters, former Citigroup (C) CEO Sandy Weill may start a fund to invest in distressed financial companies. Reuters writes that Amazon (AMZN) turned in a weak forecast hurting its stock....
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According to Reuters, Japan markets were higher on a broad government bailout plan. Reuters reports that Merrill Lynch (MER) will cut 500 trading jobs. Reuters writes that low retailer prices and...
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There are many new initiatives for "taking stakes" and "financing packages" this morning. Most of these seem to be coming from actual competitors rather than from our government, although that...
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A year ago, it would have been hard to find people who would believe that Sirius XM (SIRI) or Charter Communications (CHTR) would trade below $1. Sirius had a 52-week high of $3.92. Its merger, which...
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According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and its...
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The notion that corporate executives are paid too much money is very old. Everyone protests the habit and says the system should make compensation more reasonable. But, big company CEOs still make...
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According to Reuters, Swiss banks are getting large amounts of capital to fight the global credit crisis. Reuters reports that AIG (AIG) is lobbying to loosen government oversight rules. Reuters...
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According to Reuters, economic attention has now turned to the recession. Reuters reports that a new survey shows that half of all workers are worried about their jobs Reuters reports that unions are...
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According to Reuters, the Treasury will make $250 billion directly into banks. Ciitgroup (C) and JPMorgan (JPM) would get $26 billion each. Merrill Lynch (MER) and Bank of America (BAC) would each...
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According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work. Reuters reports that Japan’s Mitsubishi UFJ Financial Group is looking for more...
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AIG (AIG) moved rapidly to sell assets and borrowed heavily from it US government loan. According to The Wall Street Journal, "The insurer has now borrowed $70.3 billion from the government in three...
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According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking...
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It did not take long for the bailout of AIG (AIG) to dissolve into chaos. Just two weeks after the Fed put $85 billion into the failing insurance company, the new management asked for an extra $37.8...
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Henry Paulson watched the Brits come up with a new plan to save the banking system before he did. He is probably embarrassed by that. He and Bernanke seemed to have a big lead over everyone else in...
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