Posted AT 7:43 AM EST on 06/11/09
AIG posts second straight profit
New York — AIG says it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government last year.But investors' initial reaction to the report is negative, as AIG shares are down about 6 per cent in premarket trading.The insurance giant on Friday said its profit available to common shareholders totalled $92-million (U.S.), or 68 cents per share. AIG lost $24.
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