Nov 6th, 2009 - BBC NEWS
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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, compared with a loss of $24.5bn in the same quarter last year - when it was bailed out.
However, AIG's shares fell 6.6% after chief Robert Benmosche warned the firm's run of profits may not continue.
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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.
AIG taps $2.1 bln from US for ILFC share purchase
Nov 6th, 2009 - Reuters
NEW YORK, Nov 6 (Reuters) - American International GroupInc (AIG.N) tapped the U.S. government for another $2.1 billionto buy shares of its aircraft leasing arm, International LeaseFinance Corp...
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 Plunges as Sales Decline at Property-Casualty, Life Units
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- American International Group Inc.,the insurer bailed out by the U.S., fell the most in two monthsin New York trading after posting sales declines at itsproperty-casualty and life insurance divisions.
The insurer slipped $3.76...
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