AIG announces US record in quarterly loss, gets more aid
HT Business, March 3, 2009, Page 23
Chariotte, North Carolina: America can International Group Inc (AIG), once the world’s largest insurer, said on Monday that it lost $61.7 billion in the Oct-Dec quarter; the biggest quarterly loss in US corporate history, amid continued financial market turmoil. The results come as the US government announced a restructuring of a bailout plan for the troubled insurer, extending $30 billion in additional aid to the company. New York-based AIG lost $5.3 billion in the quarter a year ago.
HT Business, March 3, 2009, Page 23
Chariotte, North Carolina: America can International Group Inc (AIG), once the world’s largest insurer, said on Monday that it lost $61.7 billion in the Oct-Dec quarter; the biggest quarterly loss in US corporate history, amid continued financial market turmoil. The results come as the US government announced a restructuring of a bailout plan for the troubled insurer, extending $30 billion in additional aid to the company. New York-based AIG lost $5.3 billion in the quarter a year ago.
Posts
No comments:
Post a Comment