"AIG posts $4.35b quarterly loss; Financial unit costs blamed" by Stephen Bernard, Associated Press | May 8, 2009
NEW YORK - Battered insurer American International Group said yesterday its first-quarter loss narrowed, and was sharply lower than the record-setting loss it posted a quarter ago.
The New York-based insurance giant said it lost $4.35 billion during the quarter ended March 31, compared with $7.81 billion during the same quarter last year. AIG lost $61.7 billion during the fourth quarter, the most ever in a quarter by a US corporation, amid the mushrooming credit crisis and shortly after its near-collapse....
--more--"Nothing about the bonuses, 'eh, MSM?
