international group inc

May 9 -- Maurice 'Hank' Greenberg, former chief executive officer of American International Group Inc., talks about the U.S. government's 2008 rescue of AIG.

U.S. insurer American International Group Inc. has sold its 97.6 percent stake in a Taiwanese insurance business to conglomerate Ruentex Group for $2.16 billion, five months after regulators nixed AIG's first attempt to sell the business.

This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today. 52-Week High:

• Comcast Corp.
  
  (Nasdaq: CMCSA) high of $22.40. Received an upgrade at Bernstein to Outperform, and started by Nomura at Buy. Shares up over 5% to a fresh 52-week high today.
• American International Group, Inc.
  
  (NYSE: AIG) high of $52.45. Popping today as investors are buying in ahead of the expected dilution upon conversion of the U.S.

The Asian insurance unit of American International Group Inc. said Friday it will raise about $18 billion from its Hong Kong listing — helping AIG to repay a massive U.S. government bailout.

Here is a recap of the top news items from this week on Wall Street: 1. Hewlett-Packard (NYSE: HPQ) finally announced a successor to former-CEO Mark Hurd this week.

Leo Apotheker has been named as the tech-giants President and CEO after spending more than 20 years at Germany-based SAP.

Shares of HP sold-off about 3% on Friday following the news. Additionally, earlier in the week, HP offered FY!1 EPS guidance of $5.05-$5.15 on sales of $131.5-$133.5 billion. 2.

American International Group Inc.

American International Group Inc. says the Asian life insurance unit it plans to spin off will make an operating profit of at least $2 billion this fiscal year.

Insurance giant American International Group Inc. is discussing plans with the government to fully repay the government bailout it received two years ago, according to a report in the Wall Street Journal.

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

• American International Group, Inc. (NYSE: AIG) and Fortress Investment Group LLC (NYSE: FIG) announced today a definitive agreement whereby certain Fortress managed funds and affiliates will acquire 80% of American General Finance Inc.
  
  (AGF), a leading provider of consumer credit, from AIG. AIG will retain a 20% interest in the AGF business. Terms of the transaction were not disclosed.
  
  The transaction is expected to close by the end of the first quarter of 2011 subject to regulatory approvals and customary closing conditions.

Australian investment bank Macquarie Group Ltd. said Wednesday it is buying 53 aircraft from a unit of American International Group Inc., which is raising money to repay U.S. government bailout funds.