(Premarket story updated with AIG news and share price information.)NEW YORK ( TheStreet) -- More than 30 banks signed a multi-billion dollar credit facility agreement with American International Group (AIG - Get Report) less than two weeks after the insurer set out plans to exit a government bailout.
Large oil and gas companies such as ExxonMobil (XOM - Get Report) and ConocoPhillips (COP - Get Report) have put significant portfolios of assets up for sale, the Financial Times reported, citing consulting firm Derrick Petroleum Services. Shares of ExxonMobil are rising 0.68%, or 50 cents, to $73.51 in premarket trading.
Freeport-McMoRan Copper & Gold (FCX - Get Report) reached a 52-week high share price of $119.44 yesterday as gold prices shrugged off China's interest rate hike. On Dec. 22 Goldman Sachs issued the company a buy rating and raised its price target for the stock to $132 from $111. Shares of the Freeport-McMoRan Copper & Gold are up 1.47%, or $1.74, to $120.35 in premarket trading.
Online activists claimed a cyber attack on Bank of America's (BAC - Get Report) Web site yesterday, but the bank did not show any signs of failure. The bank's stock remained relatively steady after the People's Bank of China raised the one-year lending rate to 5.81% on Dec. 25 to fight inflation. Bank of America shares are up 0.98%, or 13 cents, to $13.40 in premarket trading.