- Apr 29, 2005
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Finally some good news from the financial sector!
Stock price has jumped 25% in the last 15 minutes.
American International Group Inc. shareholders are trying to pay off a recent federal government loan to avoid ceding an 80% stakein the company, The Wall Street Journal reported Friday on its Web site, citing a source familiar with the matter. Earlier in the week, the federal government loaned AIG $85 billion so the world's largest insurance company company could avoid bankruptcy.
Stock price has jumped 25% in the last 15 minutes.