The insurance giant AIG
(NYSE:AIG) was nearly left for dead in the wake of the financial crisis a few years back. Now it’s turned in a quarterly profit of $1.9 billion. This is the company’s first earnings report since it got out from under the majority ownership of the federal government.
(NASDAQ:AAPL) gets all of the press, but Google’s
(NASDAQ:GOOG) Android is getting most of the customers. One tracking service says that about three out of four smartphones sold in the third quarter use the Android operating system.
Martha Stewart Living
(NYSE:MSO) is shaking up its media business. It Whole Living
magazine is closing down and Everyday Food
will move to an online-only format. The company has turned a profit only once in the past nine years.
The New Jersey-based utility Public Service Enterprise Group
(NYSE:PEG) remains under pressure. It’s still unable to estimate how much repairs from Hurricane Sandy will cost. But it says that this is the single worst event in company history in terms of how many people lost power (the number is currently estimated to be 1.5 million).
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