You are here

AIG buying back US$3b of stock as asset sales boost profit

New York

AMERICAN International Group Inc said it will buy back US$3 billion of stock after profit in the second quarter climbed 6.3 per cent, helped by asset sales. The insurer climbed in extended trading in New York.

Net income advanced to US$1.91 billion, or US$1.68 a share,...

Market voices on: