Tag Archives: financial crisis
AIG drops after wider 3Q loss
American International Group (NYSE:AIG) has dropped by over 4.9 percent so far this Friday after the insurer reported a wider third quarter loss. The company blamed declining interest rates as well as soft markets which reduced the value of AIG’s …
General Electric profit up, stock down
General Electric (NYSE:GE) is trading over 1.3 percent lower today despite reporting an 18 percent increase in its third quarter. The company attribute the jump in earnings to a rebound in its lending business.
The company said that for the …
Greek burden drags down euro
The euro sank to its lowest level in seven months against the U.S. dollar on Monday after European finance ministers decided to push back its next bailout payment to Greece.
At a meeting in Wroclaw, Poland on Friday the finance …
McGraw-Hill to split into two publicly traded company
McGraw-Hill Cos. (NYSE:MHP) announced on Monday that it will split into two public companies following a year long review of the company’s business. One of the public companies will focus on education while the other will center around the markets, …
Qantas Airways double profit in 2010/2011 fiscal year
Australian Airline Qantas Airways (QAN:AX) announced that it annual profit more than doubled on wednesday to 250 Australian dollars ($263 million) but warned investors that the state of the vulnerable economy may prove it difficult for the airline to produce …
American International Group (NYSE:AIG) repays $2.15 billion of TARP debt
American International Group (NYSE:AIG) announced today that they have paid $2.15 billion to the federal government this week, dropping its debt with the government to around $51 billion.
The funds cam available after the insurance giant sold off it life …
