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November 8, 2007: AIG Stocks Hit New Low in Response to Third Quarter Earnings

2007-11-08

Following the announcement of poor results for the third quarter the day before (see July-September 2007), shares in the insurance corporation AIG fall to $56. Despite the problems, in a conference call the company says it is “comfortable” with businesses and investments tied to the US housing market. [Bloomberg, 9/16/2008]