AIG shares under pressure as company struggles

NEW YORK (AP) -- Shares of American International Group have dropped again today. Investors have questioned whether the insurance giant will be able to come up with more money and help avoid touching off additional financial turmoil.

CNBC reported that the Federal Reserve was considering providing financing to AIG, helping to lift the shares of their lows for a short time.

The company is under increased pressure after the three major ratings agencies cut AIG's debt ratings.

At midday, AIG shares were down 40 percent to $2.85 a share.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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