American International Group, Inc. (NYSE:AIG): The latest big news in the insurance industry has been surrounding the United States Department of the Treasury and American International Group. The company announced that the Treasury has made an offering of about 234.2 million shares of American International Group, Inc. to the market at a price of $32.50 per share. After closing the transaction, the Treasury will have sold all of their shares, which is good for AIG, because they can end the chapter on their bailout. After this news, share prices increased substantially .
Research In Motion Limited (NASDAQ:RIMM) is collaborating with The New York Times in a marketing campaign for their new phone, the BB10. In addition to being the founding sponsor of Opportunities for Tomorrow, the Times’s inaugural DealBook conference, RIM is running a spread on a special print edition of DealBook on the Times’s homepage.
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General Electric Company (NYSE:GE) has announced an agreement with Korea’s Southern Power Company, Ltd. (KOSPO) to upgrade two 7F gas turbines with their FlexEfficiency Advantage Advanced Gas Path solution, marking the 100th system sold to date.
Cisco Systems, Inc. (NASDAQ:CSCO) announced an investment of 6 million in the venture capital fund Monashees Capital, the leading Brazilian VC that is focused on Internet companies and online education. The locally managed and operated fund is based in Sao Paulo, Brazil.
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