Intanto pure AIG è tornato in utile...
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AIG reports $1.45 billion in first-quarter net income
AIG, the insurance giant bailed out by the federal government, reported net income of $1.45 billion for the first quarter as its struggling insurance business showed signs of improvement.
The company also said Friday that recovering credit markets and ongoing efforts to streamline its operations contributed to improved performance.
Shares of AIG surged $1.95, or 5.3 percent to $38.70, even as the broader market fell.
American International Group Inc., which received more than $180 billion in aid from the government during the financial crisis, said premiums in its primary insurance division fell just 1.1 percent in the first quarter. That was the smallest decline over the past four quarters.
Overall, AIG had net income of $1.45 billion, or $2.16 per share, during the first quarter, compared with a net loss of $4.35 billion, or $39.67 per share, a year earlier.
The Washington Post Co. returned to a profit in the first quarter as declines in print advertising slowed and its cable TV and education businesses continued to grow.
The company earned $45.4 million, or $4.91 per share, in the first three months of the year. That reversed a loss in the same period last year of $19.2 million, or $2.04 per share, brought on by big one-time expenses. Revenue grew 11 percent to $1.17 billion.
Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world's biggest maker of plasma TVs benefited from a recovery in global sales.
Panasonic Corp. said its loss for the fiscal fourth quarter was 88.9 billion yen ($971 million) compared with a 444.3 billion yen loss a year earlier. Quarterly sales jumped 16 percent to 2.198 trillion yen ($24 billion). The company is expecting to return to the black for the fiscal year through March 2011.
Japanese game-maker
Nintendo suffered its first drop in annual profit in six years, hit by a price cut for the Wii home console and sliding global sales.
The maker of Super Mario and Pokemon games said net profit for the fiscal year ended March 31 fell 18 percent to 228.6 billion yen ($2.5 billion). Kyoto-based Nintendo Co., which does not break down quarterly numbers, said annual sales slipped 22 percent to 1.434 trillion yen ($15.4 billion).