Tag: Shares

NEW YORK (Reuters) - Motorola Inc shares rose 6.5 percent on Friday on hopes the company could turn around its loss-making handset business with the new cellphone it developed with Google Inc.

The market's initial response to the announcement was modest and the shares closed up just 1.5 percent on Thursday, but many analysts took a closer look at the phone --called Cliq in the United States-- later in the afternoon and issued upbeat reports.

Stock markets have continued to fall after the collapse of fourth-largest US investment bank, Lehman Brothers, which has filed for bankruptcy protection.

NEW YORK (CNNMoney.com) -- Shares of American International Group tumbled Tuesday as the company scrambled to raise as much as $75 billion to keep itself afloat.

The pressure on the nation's largest insurer reached fevered pitch on Monday night as the troubled insurer was hit by a series of credit rating downgrades.

The cuts could prove deadly to AIG (AIG, Fortune 500), forcing it to post more than $13 billion in additional collateral. Shares were down 42% in early morning trading, after falling more than 70% in early morning trading and losing 61% of their value the day before.