Monday's Financial Winners & Losers

AIG is higher.
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American International Group

(AIG) - Get Report

advanced after the insurance giant announced it would buy P&O Ports North America from Dubai Ports World. The purchase ends a saga that, earlier this year, found U.S. lawmakers opposing a planned sale of key U.S. ports to the United Arab Emirates-based DP World for fear of increased risk of a possible domestic terrorist attack.

The deal is expected to close during the first quarter of 2007. Shares were up 98 cents, or 1.4%, to $71.33.

Hartford Financial Services Group

(HIG) - Get Report

rose after the insurer said that it now predicts 2006 core earnings of $8.85 to $9 a share, up from an earlier view of $8.75 to $8.95 a share. Analysts polled by Thomson Financial project earnings of $8.96 a share.

Hartford also said it would buy an additional $500 million in stock. Shares were gaining 24 cents, or 0.8%, to $30.32.

Brookfield Properties

(BPO)

slipped after it announced it will sell 30 million shares, primarily to pay off debt in connection with recent acquisitions and to repay lines of credit. About 11.3 million of those shares will be bought by the property management firm's majority owner,

Brookfield Asset Management

(BAM) - Get Report

.

Despite Brookfield Properties' near-simultaneous issuance of optimistic 2007 guidance -- which predicts funds from operations of $2.10 to $2.20 a share, beating Wall Street predictions by at least 10 cents -- its shares were down 87 cents, or 2.2%, to $39.14.

Indian financial companies were falling after the Reserve Bank of India said it would require banks to keep more cash in reserves.

ICICI Bank

(IBN) - Get Report

was losing 3.3% to $37.51, and

HDFC Bank

(HDB) - Get Report

was off 3.5% to $72.65.