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Earnings Report

SoftBank raising stake in Sprint, reports falling profit

Japanese internet and solar company SoftBank Group Corp. is raising its stake in Sprint Corp. after merger talks with T-Mobile collapsed, signaling its commitment to a turnaround at the U.S. wireless carrier.

American International Group posts 3Q loss

American International Group Inc. (AIG) on Thursday reported a third-quarter loss of $1.74 billion, after reporting a profit in the same period a year earlier.

American International Group posts 3Q loss

American International Group Inc. (AIG) on Thursday reported a third-quarter loss of $1.74 billion, after reporting a profit in the same period a year earlier.

AIG swings to quarterly loss, adds $836 mln to reserves

American International Group swung to a quarterly loss as the property and casualty insurer booked huge catastrophe losses, and said it set aside $836 million to meet losses related to prior-year accident claims.