Movers: AIG, Yahoo, Microsoft, Darden, CNA Financial, Motorola
American International Group (AIG) shares move down after the company says in a form 8-K that it has been advised by independent auditors that they have concluded that at Dec. 31, 2007, AIG had a "material weakness in its internal control" over financial reporting and oversight relating to the fair value valuation of AIGFP super senior credit default swap portfolio. It says it should clarify and expand its prior disclosures relating to methodology and data inputs used to determine fair values of this default swap portfolio in respect of multi-sector CDOs. S&P downgrades to sell.
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