AIG to take a big hit

Full Story atmoney.cnn.com

NEW YORK (CNNMoney.com) — After two straight profitable quarters, AIG is expected to report a substantial loss for the fourth quarter when the troubled insurer announces its latest financial results Friday morning.

The company has previously said it expected to take a financial hit of about $5 billion for restructuring costs in the fourth quarter. Analysts surveyed by Thomson Reuters estimate AIG will report a loss of $1.5 billion for the quarter on revenue of $23.3 billion.

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