AIG reports record $61.7bn loss

Insurance giant AIG has reported a loss of $61.7bn (£43bn) in the final three months of 2008 - the largest quarterly loss in corporate history.

And the firm will receive an extra $30bn from the US government as part of a revamped rescue package.

AIG has already received $150bn in financial support - the biggest bail-out by far of any US company.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3763258

http://news.bbc.co.uk/1/hi/business/7918643.stm