AIG loses

AIG reported a first- quarter loss from contin uing operations of $1.18 billion, or $1.41 per share, compared with a profit on the same basis a year earlier of $2.09 billion, or $2.16 per share, including a $3.3 billion charge for the termination of its credit facility from the Federal Reserve.

Apple grows

Apple’s share of the global smartphone market rose to 18.7 percent in the first quarter, from 16.1 percent in the fourth quarter, as market leader Nokia’s slipped to 24.3 percent from 28 percent, IDC said.

Estee earns

Cosmetics maker Estee Lauder posted third-quar ter earnings of $124.7 mil lion, or 62 cents per share, up from $57.5 mil lion, or 28 cents per share, a year earlier. Ex cluding restructuring charges, earnings were 71 cents a share.

Google views

Google introduced a feature that lets users see 360-degree views inside of businesses. It will be available next week in the US, Japan and other countries.

Retail therapy

Same-store sales at US retailers rose 8.7 percent, compared with projec tions of a 7.7 percent gain, said Retail Metrics.