Ahold owns Stop & Shop and Giant stores. Credit Christopher Lane for The New York Times. The merger agreement between the Dutch supermarket operator Ahold and the Delhaize Group of Belgium on Wednesday reflected yet another sign of the malaise hanging over the grocery business in the United States.
(ALICO) to MetLife Inc. for $15.5 billion in cash and MetLife stock. Bloomberg L.P. reported on March 29 that after almost three months of delays, AIG had completed the $500 million sale of a portion of its asset management business, branded PineBridge Investments, to the Asia-based Pacific Century Group.
AIG used to be the company (and stock) we all loved to hate. The insurer needed a massive taxpayer-funded bailout in 2008 to stay alive. And even with the government's help, many investors thought that AIG would never fully recover. But four-and-a-half years later, AIG (AIG) is once again a Wall Street darling. Forget about how AIG may be Too Big To Fail. It may now be Too Big To Ignore. The stock passed $40 Monday for the first time since February 2011. Shares are up 12% this year and nearly 25% over the past 12 months.