Tag Archives: profitability

AIG Gains From Hedge Fund Rebound After $2 Billion of Losses

Bloomberg – American International Group Inc., the insurer bailed out by the U.S., benefited from hedge funds for the first time in a year as the company returned to profitability in the second quarter. AIG earned $121 million from hedge […]

Virgin America CEO sees good times ahead

San Francisco Chronicle – Virgin America could not have picked a worse time to launch an airline, on the eve of gravity-defying fuel prices and a cruel recession. The financial numbers are still red after a year and a half […]