S&P 500
7,674.00
+0.27%
Dow Jones
53,264.00
+0.85%
Nasdaq 100
29,309.30
+0.23%
Russell 2000
3,016.29
+0.77%
FTSE 100
10,817.60
+0.67%
Nikkei 225
65,976.50
+0.73%

Investing

Good News, Bad News in AIG Sale

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

By Heather Horn of The Atlantic Wire

Mere days after AIG’s staggeringly poor fourth quarter numbers dropped, taxpayers were cheered by news of a profitable deal: Prudential will buy AIG’s super-profitable Asian life-insurance business for $35.5 billion. But will this windfall translate into repayments on the $182.3 billion loaned by TARP? That’s just not clear.

Read more….

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Initial Merger View: AIG Making a Solid Growth Acquisition of Validus
Jon C. Ogg |

Initial Merger View: AIG Making a Solid Growth Acquisition of Validus

AIG is trying to shrink itself back into a more focused and more easily managed company, which makes its acquisition…

Douglas A. McIntyre |

AIG (AIG): Wall St.’s Miracle Child, Posts A Profit

AIG (AIG) was never supposed to post a profit again. It was too badly down on its luck, even after…

Jon C. Ogg |

AIG Strong Earnings Dwarfed by Dividend and Stock Buyback Surprise

ThinkstockAmerican International Group Inc. (NYSE: AIG) may have been considered “public enemy number one” during and after the financial crisis,…

Douglas A. McIntyre |

Prudential Purchase Of AIA: US Taxpayers Don’t Offer Bargains

Prudential plc, anxious to buy the AIA unit of American International Group (NYSE: AIG), can’t raise the money. So, it…

Paul Ausick |

AIG to Buy Back More Stock as Profits Tumbled

American International Group reported fourth-quarter and full-year 2014 earnings after markets closed on Thursday.

Jon C. Ogg |

AIG Jumps Over Low Earnings Hurdle

Wikimedia CommonsAmerican International Group Inc. (NYSE: AIG) is out with its first quarter earnings. As a reminder, Barron’s recently published…

Chris Lange |

AIG Keeps Chugging on Earnings and Share Buybacks

Wikimedia CommonsAmerican International Group Inc. (NYSE: AIG) led the week off and reported its second quarter earnings on Monday. The…

AIG Is Finally Firing on All Cylinders
Paul Ausick |

AIG Is Finally Firing on All Cylinders

Mega-insurer AIG reported top and bottom line results that were better than expected on Wednesday evening. Shares got a nice…

AIG’s Path to Life and Retirement Separation Could Be Long and Painful
Jon C. Ogg |

AIG’s Path to Life and Retirement Separation Could Be Long and Painful

Many investors use an alternative valuation approach in their investments. Rather than looking at a book value in financial stocks,…

Top Gaining Stocks

Moderna
MRNA • Vol: 87,083,817
Coinbase
COIN • Vol: 22,546,794
Freeport-McMoRan
FCX • Vol: 29,749,458
Albemarle
ALB • Vol: 3,220,302
Estee Lauder Companies
EL • Vol: 5,673,486

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Sempra
SRE • Vol: 5,175,863
Edison International
EIX • Vol: 3,946,051
American Electric Power
AEP • Vol: 5,246,770
CenterPoint Energy
CNP • Vol: 7,818,127