Personal Finance - AIG posts 1Q loss of $7.8B, plans to raise $12.5B in capital (AP)
5/8/2008 5:32:31 PM
AP - American International Group Inc. said Thursday that it swung to a first-quarter loss of $7.81 billion because of losses tied to credit swaps and mortgage-related operations and that it plans to raise a total of $12.5 billion in new cash to shore up its capital base....full article