Orlando, FL -- (SBWIRE) -- 09/11/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On American International Group Inc(NYSE:AIG), Alcatel Lucent SA (ADR) (NYSE:ALU).
American International Group Inc(NYSE:AIG) shares gained 0.67% to $49.42. The company on August 27 announced the appointment of Damian Coory to the newly created role of Vice President for Corporate Marketing and Communications for Asia Pacific. Mr. Coory will report to Christina Pretto, Senior Vice President, Corporate Communications, and will also have a matrix reporting line to Jose Hernandez, Chief Executive Officer, Asia Pacific.
Additionally, the company on August 15 announced that it is now offering globally up to $100 million in limits for Side A Directors and Officers (D&O) liability insurance. This new capacity from AIG, combined with the insurer's financial strength and claims handling experience, can facilitate the efficient resolution of severe and complex litigation.
Moreover, the company will begin trading ex-dividend on September 10, 2013. A cash dividend payment of $0.1 per share is scheduled to be paid on September 26, 2013. Shareholders who purchased AIG stock prior to the ex-dividend date are eligible for the cash dividend payment.
Are investors worried about the recent updates with AIG? Find out with a free trend analysis HERE
Alcatel Lucent SA (ADR) (NYSE:ALU) shares climbed 2.33% to $3.52. The company on August 28 announced that it has appointed Jean Raby as its new finance chief, as the telecommunications-equipment maker continues its turnaround under the leadership of its new chief executive. Mr. Raby, 49, a former partner and managing director at Goldman Sachs Group Inc.'s investment bank division, will become chief financial and legal officer as of Sept. 1, replacing Chief Financial Officer Paul Tufano, the company said.
Additionally, the company on August 10 lowered the interest rate it will pay on a $1.74 billion, six-year term portion to 4.75 percentage points more than the London interbank offered rate with a 1 percent minimum, down from 5 percentage points, according to a person with knowledge of the transaction. A 299 million-euro ($399 million) portion, also due in six years, will pay 5.25 percentage points more than the lending benchmark, in line with what was initially proposed, said the person, who asked not to be identified because terms are private.
Moreover, the company is seeking to reduce the rate on about $2.1 billion of loans it obtained in January, according to a person with knowledge of the deal on August 1.
Is ALU going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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