Nov 06, 2009 (MarketNewsVideo.com via COMTEX News Network) -- Insurance giant AIG announced that it turned a profit for the second straight quarter.
Earnings were $92 million, or 68 cents per share, versus a loss of $24.47 billion, or $181.02 per share, last year when it nearly collapsed and had to be bailed out by the government.
The company says that its core insurance business continues to stabilize. AIG has received aid packages worth more than $182 billion sine September of 2008.
Investors, however, are selling the shares this morning in the pre-market; the stock is down around 6 percent.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200911AIG110609&mv=1.
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