aig outlook

Treasury's Big Stake Weighs on AIG's Stock Price

During the past month, AIG stock fell nearly 10% drop after an announcement that the government would sell some of its stake in the insurance giant. The Treasury's ownership in the company has declined from 92% to 77%, but the prospect of its future sell-offs are holding the stock down.

AIG Earnings Hit by Massive Charges

Bailed out insurance giant American International Group (AIG) said on Friday that it posted a third-quarter net loss of $2.4 billion, or $17.62 a share, as several large restructuring-charges totaling $4.5 billion offset growth in its insurance business. A year ago, the company earned $455 million, or 68 cents a share in the third quarter.