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American International Group (AIG) publishes quarterly results better than expected and announced that he had initiated discussions to be free from state control.

The U.S. insurer, owned nearly 80% by the state since his emergency rescue in September 2008, published for the second quarter a net loss of 2.7 billion dollars (2.05 billion euros) or $ 3.96 per share, against a profit of $ 1.8 billion ($ 2.3 per share) over the corresponding period last year.

The loss resulted primarily from an impairment charge of $ 3.3 billion.

Adjusted data, AIG reports a profit of 1.3 billion dollars ($ 1.99 per share), against 1.1 billion dollar ($ 1.71 per share) a year earlier.

"The situation is quite stable," said Bill Bergman, an analyst at Morningstar. "Stabilization does not mean growth or strong growth, but it seems to take this path."

The panel also said he began talking with the New York Federal Reserve, the Treasury Department and directors of AIG Credit Facility Trust on a strategy to "enable the State to break its relationship with AIG owner" .

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On Wall Street, AIG earned under 5.2%, to 41.98 dollars around 1400 GMT, while the Dow Jones index yielded 0.2%.Since the beginning of the action took 33% while the S & P's insurance sector grew by only 7%.

The general insurance business of AIG, Chartis, posted an operating profit of $ 955 million before taking into account net realized capital gains, cons generated one billion dollars a year earlier.

Chartis had to record $ 287 million of losses from catastrophes in the quarter, including that relating to the oil spill in the Gulf of Mexico.

"There are a result of major operational and stable in general insurance business," said Bill Bergman.

SunAmerica Financial Group, a division of AIG specializes in retirement services and life insurance, for its part, recorded an operating income excluding net realized capital gains of $ 1.1 billion, against 254 million generated a year earlier.

"The results of operations of the insurance company remains strong and continues to implement its restructuring plans and to prepare its separation from the U.S. government," said AIG Chief Executive Robert Benmosche .

The latter looks to the future with AIG SunAmerica and Chartis the heart of its business.

The Life business group have generated earnings before taxes of $ 604 million while $ 314 million a year earlier.

American International Assurance (AIA), which should be introduced on the stock exchange after its failed sale to Prudential, has made the most of this result, through its investments.

AIG Financial Products, a subsidiary of derivative origin of the troubles the group in 2008, reduced the notional amount of derivatives in its portfolio of approximately 602.4 billion dollars at June 30, down 36% compared the end of 2009.

The Paris Bourse continued its consolidation Wednesday despite a series of good results of the CAC 40 falling in the wake of Wall Street reacted negatively to the latest figures on the eve of consumption and the U.S. real estate.

At 9:28, the CAC 40 index shows a decline of 0.38% to 3733.14 points after losing 0.12% on Tuesday.

Investors will pay attention this afternoon at the United States publication of the ADP employment survey and the ISM services.

EDF wins 4.1%, highest increase in the ACC after the announcement of an increase in electricity tariffs from 15 August.These price increases are in the top end of market expectations.

Societe Generale, which opened up 3%, gaining 0.8% after posting better than expected results for the second quarter with a decline in its provisions and a stronger than expected growth in revenues.

Nexity yields 2.3%, largest drop in the SRD. Christine Lagarde, Minister of Economy, has announced a zero-interest loan to replace the enhanced tax credit on the loan interest.

Other major European markets are also down: London and Frankfurt lost 0.8% 0.52%.As for the European indices, the EuroStoxx 50 yields 0.62% and 0.67% Eurofirst 300.

The euro is stronger after a break of recent days and is trading around 1.3205 dollars, as U.S. crude, which trades at 82.16 dollars a barrel.

Procter & Gamble announces earnings below expectations during the fourth quarter, sales growth could not offset higher marketing expenses.

The group of consumer products said that investments in new products launched this year – Pampers Dry Max, ProGlide Fusion razor and tooth whitening strips Crest 3D White outpaced growth of 5% of turnover 'net sales.

"Next year will be another great year of innovation for us and we will invest accordingly," said CFO Jon Moeller, during a teleconference with the press.

Net income for the quarter ended June 30 was $ 2.19 billion, or 71 cents per share, against 2.47 billion (80 cents) a year earlier.The Thomson Reuters consensus I / B / E / S gave an EPS of 73 cents.

The turnover stood at 18.93 billion dollars (19.1 billion consensus).

P & G expects earnings per share of 97 cents to $ 1.01 in the first quarter of the year, and an organic growth of 3% to 5%.

Effects of unfavorable exchange rates would reduce net revenue growth of 3%.

Analysts are waiting for their share of $ 1.04 a share, in the first quarter.

The share lost 5.3% to 59.77 dollars in pre-market after these announcements.

The International Monetary Fund (IMF) intends to increase its lending capacity of 750-1000 billion dollars to prevent future financial crises, the Financial Times.

The organization wishes to enter into agreements to advance on a case by case basis with member states, rather than offering loans under certain conditions, the newspaper said without citing sources.

"Even during periods of crisis, a large fund that can take massive can help prevent crises," explained Dominique Strauss Kahn, IMF managing director, in the columns of the Sunday edition of the FT.

"The fact that the decreasing financial role does not mean we can do without a big fire power (…) A fund of 1.000 billion is a wise prediction," he says.

South Korea, which currently chairs the G20 group, hopes to convince its partners to approve the draft at the next summit of the organization, to be held in November in Seoul, says the author of the article.

Technip has been awarded two contracts with BP, the British North Sea, worth a total of about 100 million pounds (120 million euros).

The first is a contract under diving, repair and maintenance for a period of three years with two additional options of one year each, said the French specialist in oil and gas equipment in a statement.

The second is a contract engineering and installation for the development of Devenick field, located 234 km north-east of Aberdeen. It covers project management, engineering, manufacturing, installation and commissioning of several lines.

The death of U.S. Sen. Robert Byrd could lead to a postponement until mid-July of the final adoption of the draft law reforming financial regulation in the United States, forcing the Democrats to seek further support.

The future of the bill now depends on the decision of a handful of senators after the death Monday of Robert Byrd, at the age of 92 years, denying the Democrats a voice in favor of the 60 needed to deprive Republicans delayed by a battle of adopting the text amendments.

The Democrats could expect that the governor of West Virginia named interim successor to Robert Byrd, but the appointment could take several weeks.

To ensure some additional support, the Democrats may have to change the text.

"If they need to review the bill and make concessions to secure additional votes (…), the text will emerge strengthened, not weakened," warns Barbara Roper, who heads an advocacy organization of consumers.

This bill, which President Barack Obama made one of his priorities, would launch a reform of financial regulation unprecedented since the 1930s.

The text aims to cut without a ban, the risky activities of banks, to establish a new process of liquidation for companies in financial difficulty, or to impose a tax credit on the largest financial groups, on larger groups to finance reform.

The House of Representatives should adopt the text Tuesday or Wednesday. But before being submitted to the presidential signature, originally scheduled on July 4, the text must also be approved by the Senate.However, due to the death of Robert Byrd, the Senate could defer their decision on July 12, after a week of leave, said a legislative assistant.

"We expect that this overhaul of banking legislation wins approval in U.S. House of Representatives, but the situation is complicated in the Senate," admits Brian Gardner, a political analyst for investment firm Keefe Bruyette & Woods.

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If the vote of the law should dispel the uncertainties surrounding the bank stocks, the implementation of the text still has many question marks, analysts said Goldman Sachs.

Among outstanding issues is the appointments that the U.S. president should proceed, including the new head of the agency responsible for regulating mortgages, credit cards and other financial products.

Some clauses of the text should weigh on profits and growth of the largest banks, but have been relaxed during negotiations between representatives and senators, after a marathon negotiating session last 21 hours that ended Friday in the dawn.

For now, Democrats are thus seeking to support their cause some moderate Republicans like Olympia Snowe, and Senators Scott Brown, supported the text but rather reluctant to introduce a tax credit.

It aims to prevent the bill strikes the U.S. public finance more.However, according to the Congressional Budget Office, an independent monitoring and evaluation of public accounts, expenses related to the reform in ten years, estimated at $ 26.9 billion, should be offset by as much revenue.

The vote Democratic senators Russ Feingold and Maria Cantwell, who voted against it last month, claiming it was not sufficiently binding, should also be courted.

Russ Feingold, however, already assured Monday that he would not change his opinion. Maria Cantwell for studying the issue and it still has not yet decided, said a spokesman.