Nov 6th, 2009 - Washington Post
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American International Group, the insurance giant whose near-collapse last year prompted a massive federal bailout, on Friday posted its second consecutive quarterly profit as certain units continued to stabilize and improved credit markets boosted the company's bottom line.
The New York-based insurer reported a third-quarter net income of $455 million, or 68 cents a share, compared with a stunning $24.5 billion loss during the same period last year, according to a regulatory filing.
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AIG Earns Profit for 2nd-Straight Quarter
Nov 6th, 2009 - CBS News
AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year. American International Group Inc...
AIG Taps $4.2 Billion From Treasury for Two Units
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- American International Group Inc.,the insurer rescued by the U.S., tapped the Treasury Departmentfor another $4.2 billion to help restructure its money-losingmortgage guarantor and the plane unit it’s trying to sell.
Magna shares race higher on earnings, Opel fallout
Nov 6th, 2009 - CNNMoney
* Shares end up 14.2 pct in Toronto, 13.1 pct in New York * UBS, BMO, Citigroup and CIBC up share-price targets * Company renews focus on auto parts * Shares up over 25 percent since Opel deal terminated (Adds details...
Magna shares soar on earnings, renewed focus
Nov 6th, 2009 - CNNMoney
* Shares up nearly 15 pct in Toronto, 14 pct in New York * Analysts at UBS, BMO, Citigroup up share-price targets * Company renews focus on auto parts (Adds details, quote;...
AIG posts second quarterly profit
Nov 6th, 2009 - BBC NEWS
The insurer still owes the government $85.7bn in loans
Insurer AIG, which was saved by the US government last year, has reported its second straight quarterly profit.
Net income for the three months to September was $92m...
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