Wells Fargo Maintains an 'Outperform' on American International Group (AIG); Raising Numbers
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Market Wrap: Moody's Warns of U.S. Downgrade; Facebook's Zuckerberg Emerges; Ford Preps Possible Mulally Successor
September 11, 2012 5:42 PM EDTMarket wrap-up for Seotember 11th
End of the Day: S&P 500 up 4.5 to 1,433.56; Dow Jones up 69.1 to 13,323.36; Nasdaq up 0.5 to 3,104.53
The following is a brief summary of events moving markets today:Once again, Moody's is dangling a downgrade in front of the U.S., threatening to use it if debt issues don't start shaping up. And soon.
Moody's said the U.S. would lose its top-notch rating if Congress repeals spending cuts and tax increases without large-scale deficit-reduction... More
U.S. Says AIG (AIG) "Profit" Hits $15.1B
September 11, 2012 2:50 PM EDTThe U.S. Treasury said it has made positive return $15.1 billion on AIG (NYSE: AIG) after today's stock offering.
Press Release from U.S. Treasury:
OVERALL POSITIVE RETURN ON $182 BILLION AIG COMMITMENT DURING FINANCIAL CRISIS REACHES $15.1 BILLION AFTER TREASURY ANNOUNCES $2.7 BILLION IN ADDITIONAL EXPECTED PROCEEDS FROM AIG COMMON STOCK SALE
Today, the U.S. Department of the Treasury announced that it expects to... More
Treasury Prices 553.8M Shares of AIG (AIG) at $32.50/Sh
September 11, 2012 6:46 AM EDTAmerican International Group, Inc. (NYSE: AIG) announced that the U.S. Department of the Treasury has priced an offering of approximately 553.8 million shares of its AIG common stock at the initial public offering price of $32.50 per share. Treasury has also granted a 30-day option... More
