AIG Profit Drops 67% And Misses Street Estimates

The American International Group -- an insurance agency better known as AIG -- posted a set of disappointing fourth quarter earnings results Thursday afternoon, revealing that its profit fell 67% and failed to meet Wall Street's projections. While the company did announce a $2.5 billion buyback alongside its earnings results, shares of its stock nonetheless slipped into negative territory in Thursday's after-hours trading session.