Wednesday, August 6, 2008

Financials tick higher on AIG upgrade Two former Bear Stearns fund managers charged with fraud, conspiracy

NEW YORK (MarketWatch) -- U.S. financial stocks closed in positive territory Thursday after Citigroup Inc. announced it could see more write-downs in the second quarter and American International Group Inc. was upgraded by an analyst........

The world has gone madd!!! This is one day before a massive loss was announced by AIG .

SAN FRANCISCO (MarketWatch) -- American International Group reported a $5.36 billion second-quarter net loss late Wednesday as the insurance giant was hit again by write-downs and impairments on mortgage-related exposures.

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