NEW YORK—Shares of American International Group fell sharply in premarket trading Friday after it posted a $7.8 billion first-quarter loss and said it plans to raise $12.5 billion in new capital.
The stock declined 7.5 percent in early action to $40.79.
Shares of French drug maker Sanofi-Aventis fell in premarket trading Friday after a Swiss drug maker says it expects to receive approval to sell a generic version of Sanofi's anti-clotting agent Plavix. Shares lost 5.3 percent to $36.68.
Shares of Priceline.com Inc. surged on a swing to a first-quarter profit, accompanied by a positive outlook for the year. Shares jumped 13.7 percent to $140.75.
Shares of Activision Inc. climbed 4.7 percent to $29, a day after the video game maker posted a fiscal fourth-quarter profit that was sharply higher than analysts expected.
