Timely News, Ideas and Strategies for Active Investors
Friday, February 29, 2008
AIG Falls, Swings to $5.3B Loss....
Shares fall 5% pre-market after global insurer reports a $5.3 billion 4Q loss largely because of a write-down that exceeded many analysts' expectations. Write-down comes on derivatives that fell in value by $11.12 billion.
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