Record Corporate Losses
From Econintersect Combined RSS Feed
December 28, 2012 - 1:41am
Econintersect: In the 21st century there have been some colossal corporate losses. In a 27 December 2012 story, Investopedia described five of the biggest of all time; all occurred from 2001 onward. The list (in the order given by Investopedia):
AOL Time Warner (NYSE:AOL): $146 billion loss (2001-2002)
American International Group (NYSE:AIG): $100 billion loss (2008)
General Motors (NYSE:GM): $71 billion loss (2007-2008)
Fannie Mae and Freddie Mac: Uncertain, but could end up reaching close to $1 trillion (2007-on going)
JDS Uniphase (NASDAQ:JDSU): $56 billion loss (2002-2005)
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December 28, 2012 - 1:41am
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