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AIG Downgraded By Deutsche Bank After CEO Quits
Monday, March 13, 2017 - 2:07pm | 339Read More...Deutsche Bank downgraded shares of American International Group Inc. (NYSE: AIG) from Hold to Sell on in the wake of CEO Peter Hancock’s resignation. Deutsche called Hancock’s resignation — which came mid-board meeting last Wednesday, according to the Wall Street Journal — a...
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AIG Plans On Reducing Its Exposure To Hedge Funds
Tuesday, February 9, 2016 - 10:33am | 273Read More...According to Bloomberg, American International Group Inc (NYSE: AIG) plans on reducing the number of hedge funds in which it is invested in by at least half. Bloomberg, citing "people familiar with the company's portfolio," reported that AIG is invested in more than 100 funds and...
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AIG Announces Sale Of Its Advisor Group Segment, Plans To Return $25 Billion To Investors Over Two Years
Tuesday, January 26, 2016 - 8:31am | 404Read More...Shares of American International Group Inc (NYSE: AIG) were trading higher by more than 1.5 percent early Tuesday morning after the company announced that it has agreed to sell its AIG Advisor Group segment to investments funds affiliated with Lightyear Capital, LLC. Terms of the deal were not...
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Carl Icahn's Success In Breaking Up AIG Remains Uncertain
Monday, January 25, 2016 - 1:59pm | 414Read More...Carl Icahn stated in his latest letter to American International Group Inc (NYSE: AIG)'s board, "my hope [is] that...the board will take matters into its own hands if management still resists drastic change." Analysts at Barclays view this as "Icahn taking every effort to pressure AIG's board to...
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Piper Analysts Met With AIG Management, Left Excited
Tuesday, November 17, 2015 - 3:35pm | 365Read More...Piper Jaffray recently co-hosted a group meeting with American International Group Inc (NYSE: AIG)’s with CEO Peter Hancock and CFO David Herzog. Following the event, the experts reiterated an Overweight rating on the stock. Piper Jaffray fixed a $77 price target on the shares. After meeting...
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Carl Icahn Takes Large Stake In AIG, Says It's A 'No Brainer' To Split Up The Company
Wednesday, October 28, 2015 - 9:25am | 342Read More...Shares of American International Group Inc (NYSE: AIG) spiked more than 4 percent Wednesday morning. At 9:04 a.m. ET, Carl Icahn tweeted an open letter to AIG CEO Peter Hancock, urging him to "[p]ursue tax free separations of both its life and mortgage insurance subsidiaries to create three...
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AIG CEO On Bob Benmosche: The Company Wouldn't Have Survived Without Him
Saturday, February 28, 2015 - 7:47pm | 365Read More...Robert "Bob" Benmosche, former chairman and CEO of Metlife and the man who saved American International Group Inc (NYSE: AIG) from a potential bankruptcy, died on Friday. Current AIG CEO Peter Hancock was on CNBC to discuss the contributions made by Benmosche. "It...
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Ukraine Tension Prominent As Dow Suffers Triple Digit Loss; S&P 500 & NASDAQ Also Lower
Tuesday, August 5, 2014 - 4:46pm | 3092Read More...U.S. stocks declined and erased Monday's gains following reports that Russian troops were lining on the borders of Ukraine and preparing for an invasion, according to comments made by Poland's Foreign Minister. “Unfortunately, Russia has restored its combat readiness on the...
