Future Uncertain For AIG, Goldman Sachs

marketwatch.com — U.S. stock futures dropped as the crisis at American International Group deepened and Goldman Sachs reported a 70 percent drop in profit, with the market on alert for a possible interest-rate cut. The crisis at American International Group deepened as the insurer was hit with downgrades by four rating companies, giving the New York insurance giant precious little time to sell assets and receive loans to preserve its existence. Goldman Sachs said its fiscal third-quarter profit slipped 70 percent from a year ago as results at several units plummeted during ongoing market turmoil.

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