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Stock futures fall after AIG reports massive loss and cash needs; oil extends record climb

NEW YORK (AP) - Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system. American

Futures fall on AIG record loss

with financial stocks poised to decline after American International Group (NYSE:AIG - News), the world's largest insurer, posted a larger-than-expected record loss. Equity markets overseas were pushed lower as the price of oil topped $125 a barrel.

Futures fall on AIG record loss

with financial stocks poised to decline after American International Group (NYSE:AIG - News), the world's largest insurer, posted a larger-than-expected record loss. Equity markets overseas were pushed lower as the price of oil topped $125 a barrel.

Stock futures fall after AIG reports massive loss and cash needs; oil extends its record climb

American International Group Inc. late Thursday posted a first-quarter loss of $7.81 billion its second straight quarterly loss and revealed plans to raise $12.5 billion in the coming months. The insurer, like many of its peers in the financial
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