"Meaningful progress?" I'll show you meaningful progress. Write the value of your betting slips to zero, close your doors and go to jail. That would be meaningful progress. - Ed.
American International Group Inc. (AIG) reached a new deal with the U.S. government for continued support for its restructuring as the insurance giant's posted a record quarterly loss on $64.1 billion in write-downs and charges.
AIG's shares were recently up 7.6% at 45 cents in premarket trading. The stock is off 73% so far this year.
Chief Executive Edward M. Liddy said Monday that the company has made " meaningful progress" in addressing its liquidity issues, but it's taking more steps to preserve the value of its business amid the economic and capital-market turmoil.
Read more @ CNNMoney
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