CreditCardPDF.com » AIG http://creditcardpdf.com Find the latest financial news, information & headline Sun, 08 Nov 2009 00:09:23 +0000 http://wordpress.org/?v=2.8 en hourly 1 AIG profitable for second straight quarter http://creditcardpdf.com/business-news/aig-profitable-for-second-straight-quarter.html http://creditcardpdf.com/business-news/aig-profitable-for-second-straight-quarter.html#comments Sun, 08 Nov 2009 00:04:08 +0000 Admin http://creditcardpdf.com/aig-profitable-for-second-straight-quarter.php
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    • ]]>     The troubled insurer said it continues to benefit from stabilization in the housing and credit markets, but future quarters will continue to be volatile. AIG reported its second profitable quarter in a row early Friday, as stabilization in its insurance businesses, and the credit and mortgage markets helped boost results.

    The troubled insurer said its net income rose to $455 million, or 68 cents per share, an improvement over the $24.5 billion loss from a year earlier. Results included a one-time net charge of $1.5 billion for capital losses and hedging. [Full Story]

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    1. Berkshire Hathaway for $68? Sweet! (CNNMoney)
    2. CIT Group bankruptcy protection last registered
    3. Job market report disappoints Wall Street (CNNMoney)

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