AIG shares plunge over 9% at opening in New York
AIG shares fell by more than 9 percent in early New York trading
today to chop more than $5bn from the insurance giant's market
value.
It came the morning after the carrier announced a greater fourth
quarter loss than anticipated and activist director John
Paulson's hedge fund dumped almost half its AIG shares.
The stock dropped as low as $60.60 a share from Tuesday's
close at $66.89 after the company's results missed Wall Street
expectations by a wide margin, with...
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