Six months ago, American International Group was defending itself from activist investors calling for a three-way split of the company. Now, strong earnings are helping to silence those critics. The earnings beat analyst forecasts, sending shares sharply higher on Wednesday. AIG’s net profit rose 6% from a year earlier in the second quarter, even as the insurance giant continues to shrink itself and boost efficiency.

Source: Wall Street Journal August 03, 2016 16:18 UTC