Among other stocks making big moves:
â€" Viacom surged $4.28, or 5.8 percent, to $78.64 after the media company said its income rose 20 percent in the latest quarter, boosted by affiliate fee revenue its cable TV channels and higher advertising revenue. Viacom also increased its stock buyback program to $20 billion from $10 billion.
â€" American International Group, the insurer that was bailed out by the government during the financial crisis, rose 94 cents, or 2 percent, to $48.01 after the company said late Thursday that its profit grew 17 percent in the second quarter. AIG also announced its first dividend since 2008, when it nearly collapsed, and said its board approved a $1 billion stock buyback plan.
â€" Viacom surged $4.28, or 5.8 percent, to $78.64 after the media company said its income rose 20 percent in the latest quarter, boosted by affiliate fee revenue its cable TV channels and higher advertising revenue. Viacom also increased its stock buyback program to $20 billion from $10 billion.
â€" American International Group, the insurer that was bailed out by the government during the financial crisis, rose 94 cents, or 2 percent, to $48.01 after the company said late Thursday that its profit grew 17 percent in the second quarter. AIG also announced its first dividend since 2008, when it nearly collapsed, and said its board approved a $1 billion stock buyback plan.















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