Business Latest News: AIG Profit Rises 17 Percent, Announces Dividend

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Business Latest News: AIG Profit Rises 17 Percent, Announces Dividend

Business Latest News: AIG Profit Rises 17 Percent, Announces Dividend
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Business Latest News: AIG Profit Rises 17 Percent, Announces Dividend

by Wochit 0:58 mins

American International Group Inc reported a 17 percent rise in second-quarter profit, helped by strong performance in its insurance operations, and the company reinstated a quarterly dividend. Activist investor Carl Icahn filed a lawsuit to try to block Dell Inc from setting a new record date ahead of a crucial shareholders' vote, raising the stakes in a battle to derail a $24.4 billion buyout of the world's No. 3 PC maker. State-controlled JSW , the biggest coking coal producer in the European Union, risks making an unexpected net loss in the third quarter and remaining in the red for the full year due to slumping coal prices.

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