Orlando, FL -- (SBWIRE) -- 09/19/2013 -- 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 AngloGold Ashanti Limited (ADR) (NYSE:AU), American International Group Inc(NYSE:AIG).
AngloGold Ashanti Limited (ADR) (NYSE:AU) shares increased 8.91% to $14.30. The company on Sept. 6 can confirm that it has made an offer to its unionised employees in South Africa, under the auspices of the gold industry's collective bargaining framework, with the aim of reaching a two-year wage settlement.
The National Union of Mineworkers, Solidarity and UASA (United Association of South Africa) have indicated their members will accept the improved offer and employees, who had embarked on a strike from 3 September 2013 at the Vaal River Operations, have reported for work. The focus will be on a safe resumption of mining and ramp-up of production.
Are investors worried about the recent updates with AU? Find out with a free trend analysis HERE
American International Group Inc(NYSE:AIG) shares gained 0.22% to $50.57. Equities research analysts at Guggenheim began coverage on shares of AIG in a research note issued to investors on Sept. 18. The firm set a “neutral” rating on the stock.
Additionally, 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. This represents an -54.55% decrease from the prior year.
Moreover, the company has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. (BRK/A) after Warren Buffett’s company started a commercial insurer competing against AIG, according to a person with knowledge of the decision. AIG stopped entering into the deals with Berkshire units including National Indemnity Co. and General Re about two months ago, said the person, who asked not to be identified because negotiations are private. Existing contracts aren’t affected, the person said on Sept. 11.
Is AIG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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