Boston, MA 01/29/2014 (wallstreetpr) – Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is till marred in the Brazilian oil industry troubles. Although the company is making a lot of efforts to shore up its balance sheet, its divestment exercise in foreign assets is unfolding slowly and this is hurting the company’s efforts to boost production. As things stand right now, there is no good news coming from Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) yet, save for the fact that the ticker is on a continuing downward trend. The stock lost 1.19 percent of its market value on the Tuesday trading.
American International Group Inc (NYSE:AIG) is expected to spend $10 billion in stock buyback over the next two years, this is according to Bank of America Corp (NYSE:BAC) analysts. The money will come from among other sources the planned sale of AIG’s plane-leasing arm for $5 billion. After fully repaying its loan commitment to the government, AIG is keen on returning more capital to investors. The company recently in August reinstated dividend payment, being the first since 2008. Since repaying the 2008 bailout dollar, American International Group Inc (NYSE:AIG) has spent $1 billion in repurchase program. The company gained 2.5 percent on Tuesday and BAC analysts regard it among the top picks in property and casualty insurance stocks.
Lowe’s Companies, Inc. (NYSE:LOW) is trapped in slow economy and most of its businesses are not performing as they should. The trouble in mortgage industry has actually caught up with the home improvement retailer. While things are not as poor as they used to be over the past few years, the company still has a long way to go regarding cutting expenses, and growing revenue. Weak customer spending in a slowed down economy have colluded to put pressure on the stock. However, analysts believe that the stock’s pullback is a buy opportunity for investors who can read the signs of impending boom in home improvement business. The stock of Lowe’s Companies, Inc. (NYSE:LOW) fell 2.17 percent to $46.96 Tuesday.