NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
American International Group Inc., up $3.19 to $50.30
The insurer reported solid underwriting gains in the...
Bill Cosby fighting $1M a month legal bill in arbitration
PHILADELPHIA (AP) — A fee dispute between actor Bill Cosby and one of the many law firms hired to address his legal problems shows the Los Angeles firm alone was billing Cosby $1 million a month...
Cosby’s insurer settles LA accuser’s suit before deposition
PHILADELPHIA (AP) — Bill Cosby's insurance company has settled another lawsuit filed by a female accuser a week before the imprisoned comedian was set to give a deposition in the case, prompting...
7 who accused Cosby of sex abuse settle defamation suits
Seven women who said Bill Cosby sexually assaulted them decades ago and then labeled them liars by denying it have settled defamation lawsuits against the imprisoned actor.
American International Group: 3Q Earnings Snapshot
NEW YORK (AP) _ American International Group Inc. (AIG) on Wednesday reported a loss of $1.26 billion in its third quarter.
The New York-based company said it had a loss of $1.41 per share. Losses, adjusted for non-recurring costs, were 34 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
American International Group: 2Q Earnings Snapshot
NEW YORK (AP) _ American International Group Inc. (AIG) on Thursday reported second-quarter net income of $937 million.
The New York-based company said it had profit of $1.02 per share. Earnings, adjusted for non-recurring costs, were $1.05 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
Tesla Inc., down $16.70 to $284.45
The electric car maker took another big quarterly loss as it struggled to ramp up production of its Model 3 sedan.
Cardinal Health Inc., down $13.85 to $50.80
The prescription drug distributor cut its profit forecast because of a higher tax bill for one of its businesses.
American International Group Inc., down $2.90 to $51.94
Insurer AIG is buying Validus in deal worth about $5.56B
NEW YORK (AP) — Insurer AIG is buying Validus, a provider of reinsurance, primary insurance, and asset management services, in a deal worth approximately $5.56 billion.
American International Group Inc. said Monday that it will pay $68 for each share of Validus Holdings Ltd. That's a 45.5 percent premium to the Bermuda company's Friday closing price of $46.72.
Shares of Validus rose almost 5 percent before the market opened.
AIG and Pandora skid while Apple and Dentsply rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Apple Inc., up $4.39 to $172.50
The tech giant said iPhone sales climbed in its latest quarter and its forecasts pleased investors.
Molina Healthcare Inc., up $10.18 to $79.18
The health insurer and Medicaid program company had a better quarter than analysts expected.
American International Group Inc., down $2.98 to $62
NEW YORK (AP) — Three weeks after AIG reported a titanic loss, the person chosen to turn things around at one of the world's largest insurance companies is stepping down.
AIG said Thursday that CEO Peter Hancock, appointed less than three years ago, will remain as the company's chief executive until a successor is found.
American International Group Inc. reported a fourth-quarter loss of $3.04 billion on Feb. 14, and company shares plunged 9 percent in one day.
NY state settles fraud lawsuit vs. former AIG CEO Greenberg
NEW YORK (AP) — A 12-year legal battle between state prosecutors and the former chief executive of insurance company American International Group Inc. has been settled, both parties announced Friday.
A lawsuit claimed ex-AIG chief executive Maurice "Hank" Greenberg and ex-chief financial officer Howard Smith had manipulated AIG's accounting records in 2000 and 2001 to hide hundreds of millions of dollars in losses from investors.
91-year-old ex-AIG boss Greenberg testifies at state trial
NEW YORK (AP) — A 91-year-old former chief executive of insurance company AIG seems eager to defend himself against civil fraud charges in New York.
Maurice Greenberg recalled in testimony in state Supreme Court on Tuesday what he could from decades of leading American International Group Inc.
The state claims Greenberg manipulated AIG's accounting records in 2000 and 2001 to hide millions of dollars in losses from investors.
AIG sells its stake in United Guaranty
NEW YORK (AP) — AIG says it is selling its stake in United Guaranty to Arch Capital Group in a cash-and-stock deal worth $3.4 billion.
It's part of New York-based American International Group Inc.'s ongoing effort to streamline its organization.
United Guaranty Corp. is a major private mortgage insurance company. Arch Capital, based in Bermuda, writes specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance.