American International Group Inc. (AIG) used more than $90 billion out of the $170 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. That's not all. AIG also paid out around $450 million in bonuses. AIG shares are up over 18 percent in premarket trade.
Cisco Systems Inc. (CSCO) has scheduled an announcement on Monday, which would include a new strategy, dubbed "Project California." The initiative is expected to involve Cisco's plan to expand further into the corporate data center, especially big corporations, to run their information-technology networks. CSCO shares are up over 1.9 percent in premarket trade.