Breaking News about AIG:

Former AIG Boss Hank Greenberg Bets On Obamacare

Source: Business Balla | Feb 17 2014, 5:10pm CST | by Forbes

Maurice “Hank” Greenberg, who built AIG into an insurance powerhouse, bought medical claims processor MultiPlan for $4....
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AIG CEO told has less than year to live

Aug 28 2014 12:51pm CDT | Source: USATODAY

Robert Benmosche sped up his departure from insurer AIG after learning of worsening health ...
Full article at: USATODAY


AIG's Benmosche: I Have 9 Months To A Year Left To Live

Aug 28 2014 8:06am CDT | Source: Business Insider

AIG's Bob Benmosche told Bloomberg Television's Betty Liu that because his cancer has worsened, he has decided to step down from his role as CEO earlier than he originally planned.  He stated that his cancer "had begun massive mutations" and that now he has nine months to one year left to live. Initially, Benmosche planned to step down in the first quarter of 2015. But after his revised prognosis he told the AIG board, "You know what? I'm not going to play the od ...
Full article at: Business Insider


Latest stories

Modi leaves for Japan
New Delhi, Aug 30 (IANS) Prime Minister Narendra Modi left for Japan Saturday morning on his first bilateral visit outside the Indian subcontinent. | by IANS
Modi embarks on Japan visit
New Delhi, Aug 30 (IANS) Prime Minister Narendra Modi left for Japan Saturday morning on his maiden bilateral visit outside the Indian subcontinent. | by IANS
Modi government selling off Indian assets: Mamata
Kolkata, Aug 30 (IANS) Accusing the Narendra Modi led BJP government of selling out the country's assets by embracing FDI across sectors, West Bengal Chief Minister Mamata Banerjee Friday warned that such policies would put Indian economy in grave crisis. | by IANS

US loses bid to dismiss $25B lawsuit over bailout

Aug 26 2014 6:04pm CDT | Source: CNBC

A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by e ...
Full article at: CNBC


Just 6% Of Stocks On The S&P Have 'Sell' Ratings

Aug 26 2014 4:59pm CDT | Source: Business Insider

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Out Of 12,052 Ratings On S&P Stocks, Just 6% Are 'Sells' (Bespoke Investment) Bespoke Investment observes there are now 12,052 analyst ratings on S&P 500 stocks, which equates to 24 ratings per stock. Of those, just 6% are rated "sell." Utilities have the fewest "buy" ratings while energy companies have the most. NYSE Ma ...
Full article at: Business Insider


Bank Of America Raises Its Value For Investors

Aug 18 2014 4:53pm CDT | Source: SeekingAlpha

By Tom Dorsey:Bank of America (NYSE:BAC) announced on August 6, 2014 it will pay a dividend of $0.05 on September 26, 2014. BAC earned $0.19 per share for the second quarter of 2014, after a net income of $2.3 billion. The company is plus $0.14 for the quarter to grow its business and its book value. Investors will support the increased dividend and the profits that push the book value up, and we expect an i ...
Full article at: SeekingAlpha


HCA pays $65M for AIG campus

Aug 13 2014 2:07pm CDT | Source: Nashville Business Journal

HCA, a bedrock of Nashville's growing health care sector, has paid $65 million for offices and land in southern Davidson County from insurance giant AIG. HCA is the nation's largest for-profit hospital chain. The AIG campus sits near Interstate 65 at exit 74B, about 10 miles south of downtown Nashville. HCA has acquired about 300,000 square feet of office space and some land as well. A property deed was filed Wednesday, formalizing the sale. ...
Full article at: Nashville Business Journal


Under SEC Questioning, Jokes and Jitters

Aug 11 2014 6:17pm CDT | Source: What's News US

Former AIG executive Joseph Cassano cited his Fifth Amendment right more than 200 times when facing questions posed by the SEC in 2009. The disclosure was among the crisis-related transcripts release ...
Full article at: What's News US


AIG Q2 Earnings: Strong Underwriting, Demand For Retirement Products Drive Growth

Aug 6 2014 12:42pm CDT | Source: Forbes Real Time

AIG reported net income of $3.1 billion for the quarter, a 14% year-over-year increase on the back of strong performance in the property and casualty (P&C) and life and retirement businesses. The net income also included a $1.4 billion after-tax gain from the sale of AIG's non-core International Lease Finance Corporation to Aer ...
Full article at: Forbes Real Time


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