AIG Reports $7.8 Billion Loss

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First Posted: 05- 8-08 08:23 PM   |   Updated: 05-16-08 05:12 AM

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American International Group

CNNMoney:

American International Group Inc., the nation's largest insurer, reported losses of nearly $7.81 billion for its fiscal first quarter and said it would seek to raise $12.5 billion in capital to shore up its balance sheet.

The company lost $3.09 per share, for the three months ended March 31. That's down 383% from the same period last year when AIG reported a net profit of $1.58 per share.

Read the whole story: CNNMoney

American International Group Inc., the nation's largest insurer, reported losses of nearly $7.81 billion for its fiscal first quarter and said it would seek to raise $12.5 billion in capital to shore ...
American International Group Inc., the nation's largest insurer, reported losses of nearly $7.81 billion for its fiscal first quarter and said it would seek to raise $12.5 billion in capital to shore ...
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- mamacat I'm a Fan of mamacat 153 fans permalink

How far off is a government bail out?

"Billions for corporate bailouts, but not one penny to help someone losing their house!!" - it might as well be the Republican campaign slogan.

    Favorite    Flag as abusive Posted 05:37 AM on 05/11/2008

Rut-ro Rorge!!

    Favorite    Flag as abusive Posted 09:14 PM on 05/08/2008
- WIpatriot I'm a Fan of WIpatriot 36 fans permalink
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LOL

    Favorite    Flag as abusive Posted 07:51 AM on 05/09/2008
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