American International Group
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At a conference call with the G7 finance ministers, the haircut was vetoed by US treasury secretary Timothy Geithner who, as his payment of $13 billion from government-owned AIG to Goldman Sachs showed, believes that bankers take priority over taxpayers
more than 80% of the Fairholme Fund’s assets were invested in six companies as of Nov. 30. In addition to AIG and Bank of America, holdings include a 13% stake in Sears Holdings Corp. and 25% of real-estate developer St. Joe Co., the largest private landowner in northwest Florida.
The sharp advance in insurance stocks such as Travelers, Hartford, AIG, Prudential and CIGNA are starting to frustrate skepticsMore quotes »
Newsday's coverage
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AIG chief to grads: Take whatever job comes
Benmosche , the chief executive of insurer American International Group Inc. , has some tough love for college students graduating in the aftermath of the financial crisis."You have to accept the hand that's been dealt you in life," Benmosche said in an interview Read more »
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Gelinas: Long Islanders are still paying for three LIPA bailouts
of the past, maybe they'll prevent those of the future. Nicole Gelinas is a senior fellow at the Manhattan Institute and contributing editor to City Journal. This piece is excerpted from her remarks on March 6 to the Long Island Real Estate Group. Read more »
Around the web
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Ralph Nader, Wounded Shareholder of Fannie Mae Freddie Mac
Citigroup (C) and AIG (AIG) shareholders were "beaten down" on the bailout, they have had the opportunity to recover their investment in the companies, Nader pointed out. But institutional and individual shareholders of Fannie Mae and Freddie Mac were neither 1:27 PM from The Street Read more »
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Do Catastrophic Events Make Insurers More Attractive Investments?
After Monday's tornado in Oklahoma, Allstate , Progressive Insurance , and Traveler's Companies all fell in the market. Along with AIG , these insurance companies represent four of the top 10 providers for property and casualty insurance in the U.S. But wh 12:58 PM from WalletPop Read more »
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Warren Buffett's New Multibillion-Dollar Business
Berkshire Hathaway (NYSE: BRK-B ) recently poached a few top executives from AIG (NYSE: AIG ) . What are Warren Buffett's billion-dollar plans? And where does that leave AIG? Play the video below to find out. The Motley Fool's chief investment officer has 11:34 AM from Motley Fool Read more »
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The Zacks Analyst Blog Highlights:American International Group, Tower Group International, Hanover Insurance Group, Monteplier Re Holdings and Global Indemnity
the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Thursday's Analyst Blog: Earlier this week, American International Group Inc. (NYSE: AIG) announced its intentions to invest HK$718.1 million or about $92.5 million in PICC Group's 9:35 AM from PR Newswire Read more »
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Latest cost of Wall Street ‘bailout’: almost nothing - Summer preview: rocky markets - Need some infrastructure spending? - Wall Street helps write bills -
not yet been made, will amount to $21 billion … “The estimated cost of the TARP stems largely from assistance to American International Group (AIG), aid to the automotive industry, and grant programs aimed at avoiding home mortgage foreclosures. Other transactions 7:58 AM from The Politico Read more »
