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2008-08-07 — bloomberg.com
American International Group Inc., the world's biggest insurer, fell 11 percent in early trading after housing-related writedowns wiped out profit for a third straight quarter. The loss of $5.36 billion, or $2.06 a share, in the second quarter was worse than analysts expected and renewed concern that the New York-based company may need more capital. AIG earned $4.28 billion, or $1.64 a share, a year earlier. The company dropped $3.29 to $25.80 at 8:06 a.m. in New York. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |