American International Group, Inc. (NYSE:AIG) is planning to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, Reuters sources reported today.
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AIG, which is nearly 80%owned by the U.S. government, is disposing of assets to repay taxpayers as part of the $182.3 billion bail out package that rescued the insurer during the 2008 financial crisis.
Last week, AIG filed an application with the Hong Kong Stock Exchange to list AIA. While a listing committee hearing usually takes place about four weeks after the application, the hearing date for AIA's IPO comes earlier than expected, meaning the deal could hit to the market in October instead of the earlier plan for November.
American International Group, Inc. (AIG), is a holding company, which through its subsidiaries, is engaged primarily in a range of insurance and insurance-related activities in the United States and abroad.
Advance Auto Parts, Inc. (NYSE:AAP) jumped 0.11% to $56.54 after reuters reported on late Friday that the company is talks to hire an outside restructuring firm to help the struggling clothing retailer.
Advance Auto Parts, Inc. (Advance) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. The Company’s stores carry a product line for cars, vans, sport utility vehicles and light trucks.
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Harley-Davidson, Inc. (NYSE:HOG), according to the Associated Press the company has reached an agreement with its union leaders reached a proposed labor agreement.
Harley-Davidson, Inc. operates in two business segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment designs, manufactures and sells at wholesale primarily heavyweight (engine displacement of 651+cubic centimeters (cc)) touring, custom and performance motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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