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American International Group Inc , the insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments. Net profit was $455 million, or 68 cents a share, compared with...
Tags: AIG, quarterly profitable, American International Group Inc., net income, straight quarter, aig posts, troubled insurance
The news came after markets cheered a massive Chinese stimulus package announced overnight that could help support global growth by fueling demand for imported machinery and raw materials. The 15-nation euro rose to $1.2764 in late New York trading, up...
Tags: AIG, China, U.S, American International Group Inc., troubled insurance, Treasury Department, financial sector, stimulus package