Friday, February 24, 2012

AIG posts huge 4th-quarter profit on tax benefit (Reuters)

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Rep. Thaddeus McCotter, R-Mich., questions AIG Chairman Edward Liddy during a hearing before the House Financial Services Subcommittee on Capitol Markets, Insurance and Government Sponsored Enterprises on Capitol Hill in Washington, March 18, 2009. (AP Photo/J. Scott Applewhite)Reuters - Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.


Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120223/bs_nm/us_aig

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