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Times Online (Free subscription) | 06/11/2009
American International Group (AIG), the insurer that survived the credit crunch thanks to a $121 billion Government bailout, reported a second consecutive quarterly profit after writing back up the value of some assets.$
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The Washington Times (Free subscription) | yesterday
NEW YORK | 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 federal government last year. American International Group Inc. also said the amount of its government financial assistance dropped by 4 percent during the third quarter. Its results got a lift from the increasing value of investments...
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ireland.com (Free subscription) | 06/11/2009
Insurer American International Group (AIG) today posted a profit but fell the most in two months in New York trading after posting sales declines at its property-casualty and life insurance divisions.
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People Daily (Free subscription) | yesterday
American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter. Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year. Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per...
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The Eagle Business (Free subscription) | yesterday
NEW YORK (AP) -- 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. also said the amount o ...
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Radon Mitigation Pittsburgh (Free subscription) | yesterday
( EMAILWIRE.COM , November 07, 2009 ) Dallas, TX - Fannie Mae (NYSE:FNM) decreased 7.14% to $1.04 on a volume of 50.97 million shares after the company announced Thursday a policy under which thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae. The government-controlled company, through its new 'Deed for Lease' program, will allow borrowers...
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Indian Express (Free subscription) | 06/11/2009
American International Group has posted its second straight profit as investment losses narrowed and catastrophe costs declined. Shares dropped in early trading as revenue fell at life and property-casualty operations.
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What Really happened (Free subscription) | 06/11/2009
Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4 billion dollar loss in the same period last year. WRH permalink
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Business Wire (Free subscription) | 06/11/2009
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (AIG) today reported a profit in the third quarter of 2009, as certain of its businesses continue to stabilize and the company’s results reflected positive market valuation changes. For the third quarter ended September 30, 2009, AIG reported net income attributable to AIG of $455 million, including net income attributable to AIG common...
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Market Watch (Free subscription) | 06/11/2009
American International Group Inc. is the latest zombie financial institution to report suspicious results, and in an ironic bow to reality, it didn’t even bother to announce its results as most public companies do.
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Volume Spike Investor (Free subscription) | 06/11/2009
American International Group, Inc. (NYSE: AIG) is trading lower this morning because of the complexity of the earnings report. But operating earnings on an adjusted basis came to $2.85 EPS. Obviously there is a loss and trouble on items and ongoing issues. At 9:38 AM EST we have seen some 6 million shares trade hands [...]
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Market Watch (Free subscription) | 06/11/2009
NEW YORK (MarketWatch) - U.S. financial stocks fell on Friday after concern about sluggish business at American International Group [s ; aig] started a selloff, and then news that unemployment jumped past 10% to its highest level in 26 years cast a darker shadow over the sector. Government-backed AIG on Friday reported its second consecutive quarterly profit after big gains on assets it owns, but...
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Washington Post (Free subscription) | 06/11/2009
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.