Markets End Mixed, AIG Names New CEO, Google Goes Shopping

Now watching

Next video starts in : 7 Play

Markets End Mixed, AIG Names New CEO, Google Goes Shopping

Markets End Mixed, AIG Names New CEO, Google Goes Shopping
Replay video
Up next

Intel Previews Top Themes at Mobile World Congress Like 5G and 3D

Unlock your personal NFL Now stream by signing in to NFL.com

Markets End Mixed, AIG Names New CEO, Google Goes Shopping

by TheStreet 1:41 mins

Markets End Mixed, AIG Names New CEO, Google Goes Shopping

by TheStreet 1:41 mins

U.S. markets ended Tuesday's session mixed as Google went shopping, AIG named a new CEO and Allergan spurned a sweetened takeover offer from Valeant. Tech giant Google announced it is buying Skybox Imaging for $500 million. Google will use Skybox's technology to improve Google maps. AIG says Peter Hancock will become the company's new President and CEO on September first. Hancock will replace Robert Benmosche as head of the insurance giant. Benmosche will stay involved in AIG in an advisory role. Allergan said thanks, but no thanks, to a sweetened $53 billion dollar takeover bid from Valeant. Activist investor Bill Ackman, who owns nearly 10 percent of Allergan, says the offer undervalues Allergan's growth prospects. Ruben Ramirez reports from Wall Street.

TheStreet

We The Economy

  1. 6:40

    cave-o-nomics

    14,962 views

  2. 7:38

    Supply & Dance, Man!

    6,132 views

  3. 5:26

    GDP SMACKDOWN

    12,893 views

  4. Lemonade War

    32,963 views

  5. 6:55

    A BEE’S INVOICE; THE HIDDEN VALUE IN NATURE

    2,094 views

  6. 7:06

    Fed Head