American International Group Inc. completed a sale of preferred stock and issued warrants to the Treasury Department as part of a previously announced plan to receive additional financial support from the government, according to a …
Sept. 9: The Treasury launches its fifth sale of AIG stock, this time for $18 billion, in an offering that will take its stake in the company to around 20 percent. Nov. 2: AIG says it plans to shift its focus from stock buybacks to debt …
AIG (NYSE: AIG) will receive the additional measure of freedom it has been seeking since the government became its majority owner in 2008.By most estimates, the federal government has staked $185 billion on the firm which is one of …
We were one of the first media outlets to report that American International Group, Inc. (NYSE:AIG) replaced Apple as the favorite hedge fund stock. It seems that Whitney Tilson agrees with other hedge fund managers. Tilson also …
AIG’s early repayment of its debt to the government this week may come as good news for taxpayers, but the outlook for investors is uncertain. With the company’s exit of the risky CDS (collateralized debt securities) market that got it into …
NEW YORK (Reuters) - The former chief executive of American International Group Inc, Maurice “Hank” Greenberg, reached a deal to sell most of the shares he holds in the insurer to a unit of Swiss bank UBS. Greenberg’s investment …
TOKYO, Japan --U.S. insurer American International Group said Wednesday it will open a stock-selling business in Japan aimed at institutional investors. New York-based AIG is entering the Japanese market just as investment banks …
CNN15y
American International Group Inc. (NYSE: AIG) may have been considered “public enemy number one” during and after the financial crisis, but that was then and this is now. The company has removed the U.S. Treasury as a shareholder …
American International Group is selling part of its stake in AIA Group to raise about $6 billion, which will help the U.S. insurer repay part of its government bailout. AIG is looking to sell about 1.7 billion AIA shares at HK$27.15 to HK27.50 …
(Reuters) - The Treasury Department said on Friday it has completed its final sale of common stock in American International Group , reducing its shares in the insurer to zero four years after a massive government bailout. …