On Monday, Shares of American International Group, Inc. (NYSE:AIG), gained 1.10% to $62.57.
A U.S. judge on Monday awarded no damages to American International Group Inc (AIG.N) shareholders led by former CEO Maurice “Hank” Greenberg in their lawsuit against the U.S. government, despite finding that the U.S. Federal Reserve exceeded its authority in the insurer’s 2008 bailout, according to Reuters.
While Judge Thomas Wheeler of the Federal Court of Claims in Washington, D.C. sided with Greenberg on a key legal claim, the decision amounts to a pyrrhic victory that could assist shield regulators from legal challenges to their responses in future financial crises. Reuters Reports.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Shares of UnitedHealth Group Incorporated (NYSE:UNH), inclined 1.13% to $118.98, during its last trading session.
Local and pro cyclists from Sonoma County and across the United States joined together recently for the inaugural Velo & Vines Century Bike Ride in Healdsburg to assist raise funds for the UnitedHealthcare Children’s Foundation (UHCCF), which provides medical grants that assist children gain access to health-related services.
Leading the 100-mile ride were UnitedHealthcare Pro Cycling Team members Lucas Euser and John Murphy, who were joined by 35 other cyclists participating in the event that kicked off at Arnot-Roberts Winery. UHCCF president Matt Peterson joined supporters to cheer on the riders as they began their 100-mile trek through the rolling hills and valleys of Alexander, Dry Creek and Russian River.
At rest stops along the route, local supporters cheered on the riders, who were also greeted by local entertainment and some of the best artisan foods in Sonoma County. The event ended with a celebration and post-ride awards ceremony and marketplace that featured local vendors providing wine, food and music as hundreds of community partners and supporters celebrated the event.
Since 2007, UHCCF has awarded more than 9,000 grants valued at over $27 million to children and their families across the United States. Last year, UHCCF awarded about $5.4 million in medical grants to more than 2,000 children across the country. UHCCF’s funding is offered by contributions from individuals, corporations and UnitedHealth Group employees.
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.
Finally, SandRidge Energy, Inc. (NYSE:SD), ended its last trade with 2.70% gain, and closed at $1.14.
SandRidge Energy, has closed its formerly declared private offering of $1.25 billion in aggregate principal amount of senior secured notes due 2020. The Notes were issued at par and bear interest at a rate of 8.75% per annum. The Notes are secured on a second-lien priority basis and guaranteed by each of the Company’s auxiliaries that guarantee the Company’s revolving credit facility.
The Company used a portion of the net proceeds from the offering of the Notes to repay all borrowings under its existing revolving credit facility and will use the remainder for general corporate purposes.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
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