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AIG

US Treasury sells part stake in AIG

Wed, 05/25/2011 - 15:03 by Jamie Anderson

In a key move towards relinquishing its ownership in the American International Group Inc. (AIG), the U.S. Treasury sold 300 million shares in the financial services behemoth and garnered $8.7 billion from the offering.

The Best Fool Interviews of 2010

Sat, 01/01/2011 - 12:21 by Roger Friedman

As the chief instigator on The Motley Fool's wildly popular radio show, Chris Hill has the opportunity to talk with some of the brightest minds in the world of finance and economics. Today, he provides a frank rundown of his six favorite guests (in no particular order) on Motley Fool Money, the one-hour weekly business radio show syndicated to radio stations across America and available on iTunes.

A Better Way to Double Your Returns

Fri, 12/24/2010 - 10:55 by Dan Caplinger

After the big losses of 2008 and early 2009, investors were in a serious hurry to earn back the money they lost. That created a perfect environment for companies offering leveraged exchange-traded funds, which promise amplified returns from market movements in either direction. Even now, leveraged ETFs are still popular, as speculators try to guess the market's next big move.

Congratulations, but No Need for the Victory Dance, Mr. Buffett

Thu, 11/25/2010 - 12:28 by Andrew Bond

 Warren Buffett's thank-you letter to the government reminds me of watching an English Premier League soccer "match." Let's say EPL powerhouse Manchester United are playing. It is fitting that their uniforms used to feature the AIG (NYSE:AIG) symbol brazenly across the chest.

 

The Secret to Discovering the Hottest Stocks

Tue, 11/09/2010 - 11:25 by Dan Caplinger

 Knowing what investments people are willing to pay premium prices for gives you a big edge over other investors. If you look in the right place, it's easy to find out which stocks investors can't get enough of -- and that can help guide your own investing accordingly.

 

How I Lost 89% on One Stock, and How You Can Avoid My Mistakes

Thu, 11/04/2010 - 13:01 by Adam J. Wiederman

 
As any member of Alcoholics Anonymous knows, the first step to righting your wrongs is admitting your weakness. In that spirit, I'm writing about my biggest investing mistake ever. Here. Publicly. For the whole world to see.

 

AIG floats plan to pay back its bailout

Thu, 09/30/2010 - 10:44 by harsheeb

New York -- American International Group Inc. says it is finalizing a plan to repay the U.S. government plus leave taxpayers with a profit from their bailout investment.

The bailed-out insurer has been working for months with the U.S. Treasury Department, the Federal Reserve Bank of New York and a group of trustees overseeing the government's current 79.8 percent ownership interest in the company, The Wall Street Journal reported Wednesday.

AIG's proposal is for the government to convert its preferred shares in the company to common stock, which would increase the government's ownership stake in the company to more than 90 percent.

AIG agrees to pay $725m in settlement

Sat, 07/17/2010 - 22:20 by Inderjit Singh

New York -- U.S.-based American International Group Inc. has reached a $725 million settlement in a securities lawsuit alleging insurance bid-rigging, records show.

AIG must pay $175 million within 10 days of winning preliminary approval of a federal judge in New York and $550 million later, The Wall Street Journal reported.

The long-running civil lawsuit, filed by a group of Ohio pension funds, accused the insurer of trying to inflate its stock price and of accounting fraud that artificially boosted its insurance reserves.

AIG rejects Prudential bid

Tue, 06/01/2010 - 22:57 by Inderjit Singh

New York -- American International Group rejected a $30.3 billion bid for its Asian life insurance business after weeks of negotiations with British insurer Prudential.

The U.S. insurance giant, which has sold several major assets to help pay back $182 billion in federal government loans, refused to budge on its asking price of $35.5 billion, The New York Times reported Tuesday.

The rejection thwarts Prudential's goal of growth and derails AIG's federal bailout repayment plans, at least temporarily. The Federal Reserve was set to receive $16 billion from AIG after the sale to Prudential was completed.

Charges against Ex-AIG Executive dropped

Sun, 05/23/2010 - 12:26 by Jamie Anderson

The decision would come as a major reprieve to the former head of a division at American International Group Inc. (NYSE: AIG)!

AIG execs not facing criminal charges

Sat, 05/22/2010 - 22:46 by Inderjit Singh

Washington -- Federal prosecutors plan no criminal charges against current and former executives of American International Group Inc., The Wall Street Journal reported.

The criminal investigation had focused on the executives' role in financial contracts that nearly led to the collapse of the giant insurer.

The government bailed out AIG in 2008, in one of the biggest bailouts of the financial crisis.

The investigation focused on Joseph Cassano, the head of AIG's Financial Products unit in London, the Journal said, citing sources familiar with the case. Sources also told the Journal the investigation looked into other executives in that unit, Andrew Forster and Tom Athan.

Goldman Sachs denies 'bet against clients'

Wed, 04/07/2010 - 17:20 by Ishita Sood

In an eight-page letter that was made public on Wednesday, Goldman Sachs' top officers denied making bet against clients who purchased subprime mortgage securities in 2006 and 2007.