4 Financial Stock Stories Gaining Traction on Thursday

Berkshire Hathaway Inc. (NYSE:BRKB): Current price $114.81

Berkshire reported new positions in Suncor Energy Inc. and Dish Network Corp. as the firm added billions of dollars of stock investments. The changes were disclosed in a Securities and Exchange Commission filing made public Thursday that outlined $89 billion of Berkshire equity investments, primarily listed on U.S. exchanges, as of June 30. Berkshire took a 17.8 million-share interest in Suncor, Canada’s No. 1 gas producer, and has a large footprint in the Alberta oil sands. That position was valued at $524 million at the end of the second quarter.

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American International Group Inc. (NYSE:AIG): Current price $47.00

AIG on THursday said it is offering as much as $100 million in limits for Side A Directors and Officers liability insurance. This new capacity from AIG, together with the insurer’s financial strength and claims handling experience, can make the efficient resolution of severe and complex litigation easy, according to a company press release. Businesses can now attain their Side A requirements by significantly decreasing the number of insurance carriers and policy layers needed for adequate coverage.

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Morgan Stanley (NYSE:MS): Current price $26.34

A regulatory filing by Morgan Stanley released this week says that the company reduced risk in its credit-correlation portfolio by 69 percent from 2013′s peak, while domestic banks try to reduce the capital linked with derivatives that firms built up before the financial crisis. Morgan Stanley’s comprehensive-risk measure, which endeavors to estimate potential losses in correlation positions over one year with 99.9 percent certainty, dropped to $362 million on June 30 from a high of $1.16 billion in the first quarter. The risk-weighted assets connected with that business fell by $4.85 billion to $19.3 billion.

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Barclays (NYSE:BCS): Current price $17.73

A report by Reuters indicates that Barclays intends to run a strategic review of its retail operation in the United Arab Emirates. Anonymous sources told the publication that the business review could result in a sale of the firm’s retail unit in the UAE, but that the internal review is still in its beginning stages, and nothing is thus far officially confirmed. Reuters said that Barclays has still not hired consultants or financial advisers to search out buyers for the expected divesture.

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