AIG shares in freefall

Shares in insurance giant American International Group (AIG) fell another 63% on Wall Street today amid concerns of a deepening cash crisis at the firm.

AIG shares in freefall
Tue, 16 Sep, 2008 - 16:51

Shares in insurance giant American International Group (AIG) fell another 63% on Wall Street today amid concerns of a deepening cash crisis at the firm.

AIG suffered a further day of stock market pain after credit ratings agencies downgraded the firm, making it even more difficult for the group to raise money.

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CourtsBusinessHeathrowPlace: Wall StreetPlace: USPlace: SingaporePlace: EssexPlace: LondonPerson: Robert WillumstadPerson: Martin SullivanPerson: SullivanPerson: Maurice GreenbergEvent: Premier LeagueOrganisation: AIGOrganisation: American International GroupOrganisation: Manchester UnitedOrganisation: Lehman Brothers
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