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Earnings Preview: American International Group
Wednesday, February 22, 2012 - 7:22am | 863American International Group (NYSE: AIG) is scheduled to report fourth-quarter 2011 results tomorrow, February 23, after the markets close. The stock of this global insurance giant has been on the rise since the beginning of the year. And analysts are expecting a profit instead of the loss AIG saw...
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Earnings Expectations for the Week of February 20
Sunday, February 19, 2012 - 10:46am | 1082The focus turns to earnings from retailers this week. Abercrombie & Fitch (NYSE: ANF) and Nordstrom (NYSE: JWN) kicked things off last week. The former posted lower earnings per share in line with estimates, while the latter narrowly beat EPS expectations but revenues fell short. Here is a look...
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Blackstone Among Investors Vying for Anglo Irish's U.S. Loans
Wednesday, August 10, 2011 - 9:47am | 380Investor groups said to be vying for $9.65 billion in U.S. property loans held by Anglo Irish Bank include those led by Blackstone Group (NYSE: BX), Centerbridge Capital Partners, TPG Capital and Cerberus Capital Management. The deadline for bids was yesterday. The Dublin-based bank was...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 10:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Bank Of America Reports American International Values Stake In Maiden Lane III At Over $7 Billion
Friday, June 17, 2011 - 7:47am | 109According to Bank Of America, American International (NYSE: AIG) values its stake in Maiden Lane III at over $7 billion, providing estimated annual revenue of over $600M. Bank Of America said that the Federal Reserve reported a June 8th, Maiden Lane II net portfolio value of $12.5B, however the...
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Bank of America Comments on Aon Study and How it Affects AIG
Thursday, June 16, 2011 - 7:59am | 94In a “published study on the adequacy of the non-life insurance industry's loss reserves, Aon Benfield (a reinsurance intermediary and capital advisor) broke out a view on American International Group's (NYSE: AIG) loss reserves as of 12/31/10 using adjusted Schedule P data,” Bank of America...
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Bank of America Initiates AIG At Buy, $37 PO
Friday, June 10, 2011 - 6:29am | 27Bank of America has initiated coverage on American International Group (NYSE: AIG) with a Buy rating and $37 price objective.
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Deutsche Bank Initiates American International Group At Buy, $34 PT
Thursday, June 9, 2011 - 6:04am | 26Deutsche Bank has initiated coverage on American International Group (NYSE: AIG) with a Buy rating and $34 price target.
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Goldman Sachs Initiates AIG At Neutral, $31 PT
Wednesday, June 8, 2011 - 5:54am | 26Goldman Sachs has initiated coverage on American International Group (NYSE: AIG) with a neutral rating and $31 price target.
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Five Stocks for the Day After the End of the World
Tuesday, May 17, 2011 - 5:20pm | 792So the latest batch of Chicken Littles is certain that doomsday is May 21, 2011. Of course this is just the latest in a long line of end-of-the-world predictions. Someone is bound to be correct eventually, I suppose. But will this be the day? We will see soon. In the meanwhile, here are five...
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Questions Remain After Wall Street Collapse Report
Friday, January 28, 2011 - 12:00pm | 479Will we ever know what really caused the collapse of Wall Street? Bloomberg News columnist Jonathan Weil has some doubts. Weil says that to get to the heart of what went wrong with the Financial Crisis Inquiry Commission's report (released last Wednesday), you need not look any further than page...
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Top M&A Deals Of 2010
Wednesday, December 29, 2010 - 10:34am | 327The Wall Street Journal has published a list of what it considers to be the five most important M&A deals of 2010. Hewlett-Packard (NYSE: HPQ) and 3Par are the first on the list. Hewlett-Packard acquired 3Par for $2.1 billion after battling with Dell (NASDAQ: DELL) to take ownership of the...
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Felix Salmon Sheds Light On Feud With Henry Blodget, Discusses Future Of Financial Media
Friday, October 22, 2010 - 1:41pm | 493Before the Internet was created, you didn't hear about too many journalists squaring off with CEOs. Boy, have times changed. The Internet – and most recently Twitter – has made it easier than ever for people to publicly state exactly what's on their minds. The latest (and perhaps most publicized)...
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American International Group (AIG) Surging Mid Day On Heavy Volume
Tuesday, March 9, 2010 - 2:57pm | 74American International Group (NYSE: AIG) is surging in mid day trading, currently up 12% on 22mil shares, avg 11 mil. Currently we are not hearing what is driving the volume/price spike, though (AIG) has been in elevated talks over spinning off various units. The March 35 calls are the most...
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U.K. Insurer Prudential plc (PUK) Hastens Hong Kong Listing
Monday, March 8, 2010 - 8:29am | 144U.K. insurer Prudential plc (NYSE: PUK) announced last week that it was looking to list on the Hong Kong Stock Exchange as part of a plan to buy AIA, the Asian operations of American International Group (NYSE: AIG) for $35.5 billion. Prudential plc announced on Monday that it would attempt to...