AIG

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AIG shares tumble 15%

CNN Money - Mon Nov 30, 6:40 pm ET

Shares of AIG plunged nearly 15% Monday after an analyst hacked the insurance giant' price target 40% in a research note on worries about the company's loss reserves.

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AIG Aviation Unit May Get Bids This Week
TheStreet.com - Mon Nov 30, 6:28 am ET
AIG's aviation business, International Lease Finance, could receive a bid this week for half of its business from a private-equity consortium and the unit's CEO, a report says.
AIG shares fall amid reports of reserve shortfall
AP via Yahoo! News - Mon Nov 30, 5:50 pm ET
Shares of American International Group Inc. tumbled nearly 15 percent Monday after an analyst stirred concerns that the troubled insurer doesn't have enough reserves to pay some potential claims.
AIG-Greenberg Battle Ends With $150 Million Legal Tab
Law.com via Yahoo! Finance - 2 hours 27 minutes ago
American International Group's litigation against former CEO Hank Greenberg has been very, very good to Boies, Schiller & Flexner and Paul, Weiss, Rifkind, Wharton & Garrison . How good?
AIG-Greenberg Accord Should Be Delayed, Lawyer Says (Update2)
Bloomberg - Mon Nov 30, 5:08 pm ET
Nov. 30 (Bloomberg) -- American International Group Inc. , the insurer resolving legal disputes with former Chief Executive Officer Maurice “Hank” Greenberg , should postpone the settlement to clarify shareholder claims, a lawyer told a Delaware judge.
AIG Price Target Cut 40% by Bernstein on Reserves (Update4)
Bloomberg - Mon Nov 30, 4:44 pm ET
Nov. 30 (Bloomberg) -- American International Group Inc. , the insurer rescued by the U.S., has an $11 billion shortfall in reserves to pay property-casualty claims that may hinder efforts to repay the government, Sanford C. Bernstein said. The company plunged 15 percent today in New York trading.
AIG Tumbles on Loss Reserve Questions
TheStreet.com - Mon Nov 30, 4:10 pm ET
Shares of American International Group fell sharply after a bearish research firm said it estimates the company's loss reserves are deficient by about $11 billion.
PhillyDeals: A jolt to AIG shares and, maybe, taxpayers
The Philadelphia Inquirer - Mon Nov 30, 7:01 pm ET
Shares of American International Group, the giant, government-backed insurer, fell 15 percent yesterday after Sanford C. Bernstein Research analyst Todd Bault warned the company faced "an $11 billion shortfall in reserves to pay property-casualty claims."
AIG sinks as analyst calls its reserves deficient
Market Watch - Mon Nov 30, 1:10 pm ET
Shares of 80%-taxpayer-owned American International Group fall after analysts at Bernstein Research call the insurer's reserves deficient.
AIG Price Target Cut 40% by Bernstein on Reserves (Update3)
Bloomberg - Mon Nov 30, 1:59 pm ET
Nov. 30 (Bloomberg) -- American International Group Inc. , the insurer rescued by the U.S., has an $11 billion shortfall in reserves to pay property-casualty claims that may hinder efforts to repay the government, Sanford C. Bernstein said. The company slipped 11 percent in New York trading.
AIG Tumbles on Loan Reserve Questions
TheStreet.com - Mon Nov 30, 1:29 pm ET
Shares of American International Group fell sharply after a bearish research firm said it estimates the company's loan reserves are deficient by about $11 billion.