AIG shares down 8% after reporting heavy losses
Shares in AIG were down 8% in mid-morning trade on the New York Stock Exchange after the beleagured insurer reported a net loss of $8.9bn in the fourth quarter of 2009.
The loss, albeit better than the $61bn loss reported in the fourth quarter of 2008 that ultimately led to the demise of the insurance giant and its takeover by the Federal Reserve, was still called
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