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American International Group, Inc. (NYSE: AIG) is trading lower this morning because of the complexity of the earnings report. But operating earnings on an adjusted basis came to $2.85 EPS. Obviously there is a loss and trouble on items and ongoing issues. At 9:38 AM EST we have seen some 6 million shares trade hands and the stock is down 8.25% at $36.03. Average volume is close to 45 million shares, so it may be a while before the AIG volume looks exponential.
JON C. OGG
SIRIUS XM Radio Inc. (NASDAQ: SIRI) is trading higher after traders are taking a glass half-full approach this morning after it beat earnings estimates. We have a full summary on that over at 24/7 Wall Street. The indications are getting even higher than earlier as shares at 9:28 AM EST are up 10% at $0.6729 on about 4.5 million shares. This average volume of 47 million shares should get hit early today, particularly since CNBC’s David Faber is interviewing CEO Mel Karmazin and he is likely to appear on other media spots as well. The year high is $0.78 on SIRIUS XM stock.
JON C. OGG