American International Group Inc., the insurer pressured by activist investor Carl Icahn to boost returns, announced a plan to repurchase another $3 billion of shares.
Recent events are putting real pressure on bottom-tier companies and they won't be able to finesse their balance sheets by issuing more bonds, says Margie Patel of Wells Capital Management.
Genworth Financial, the insurer battered by losses on long-term care policies, promoted Kevin Schneider to chief operating officer as the company seeks to reverse a stock slide.
The firm founded in 1986 by Martin Whitman has been shedding assets since before the 2008 financial crisis, hurt by poor performance and an exodus of managers.
What makes the following artworks by Pablo Picasso, Cy Twombly and other masters so special, aside from totaling almost $1 billion? Click through the slideshow and judge for yourself.
