Troubled US insurer AIG back in black
Sat Aug 8 05:13:08 EST 2009
Troubled US insurance giant AIG has announced it is back in the black for the first time in almost two years with second-quarter earnings of two-point-one billion dollars.
AIG was the largest single recipient of last year's US bailouts .. with the government pumping more than 200 billion dollars into the firm to keep it afloat and taking a major stake in the group in the process.
