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U.S. Morning Call: S&P 500 welcomes back AIG and GM

Tuesday, June 04, 2013 - 02:26

Jun 4 - American International Group and General Motors will rejoin the S&P 500 index this week, marking a key milestone in the recovery of two companies.

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Good morning offered Tuesday to bail out giant by finding their way back home to the S&P 500. AIG and GM will rejoin the index after the market close on Thursday marking a key milestone and recovery that took five years. And billions of bailout dollars. The move may help who shares and that's particularly important in the case of GM which is still partially owned by the US government. The treasury will exit gee -- by early next year but -- AIG's case it is likely to lose billions of dollars on the auto maker. -- raising price targets on GM and Ford this morning. Sequester let's sequester Huntington Ingles just locked down a huge deal with the US navy. It grabbed a 3.3 billion dollar contract to build five ships. General dynamics getting smaller slice of the pie with a two point eight billion dollar deal for our new warships. Shares of Huntington are up nearly 22% this year the company was spun off by Northrop Grumman in 2011. Huntington CEO spoke to Reuters just hours before the deal was announced yesterday he isn't a company is on track to boost profit margins and keep paying dividends. Other revenues may be flat in the coming years. You can -- more of that interview here on Reuters Insider. After twelve years calpers is selling off its stake in Carlyle group spent a good -- know. In the nine months since Carlyle IPO shares have risen 34%. A Reuters calculations as calpers stands to make close to three and a half times its money on its Carlyle investment not teach at eight. Calpers had four billion dollars invested with -- as the end of march. And watch for Dollar General it reported a 3% increase in quarterly profit but came in the street's expectation. Shares -- now about four point 7% lower in the premarket. And wrapping it up with markets US stock futures point to eight X opened today but would volatility even in normal. Lots can change between now and the that's it for your Tuesday morning call remembered follow us on Twitter at Reuters Insider and get more great videos -- Reuters dot com slash -- he. I was burned --

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U.S. Morning Call: S&P 500 welcomes back AIG and GM

Tuesday, June 04, 2013 - 02:26