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AIG shares still sinking

Shares in American International Group Inc. tumbled on Monday, deepening a slide that's brought the insurer's shares to the lowest point since March 2010 and stoked concerns over whether the U.S. government will be able to make a profit off an upcoming sale of AIG stock.

By Associated Press | Updated on May 09, 2011
FILE - In this March 17, 2009 file photo, an AIG office building is shown in New York. (AP Photo/Mark Lennihan, file)

LOS ANGELES (AP) — Shares in American International Group Inc. tumbled on Monday, deepening a slide that’s brought the insurer’s shares to the lowest point since March 2010 and stoked concerns over whether the U.S. government will be able to make a profit off an upcoming sale of AIG stock.

THE SPARK: The global insurance company, based in New York, has seen shares drop by about half since hitting a high of $61.18 on Jan. 7. The stock price slide comes as AIG and the Treasury Department prepare to sell shares in the company later this month.

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