News Bits

The government unveiled a revamped rescue package to American International Group (AIG) Monday and will provide the troubled insurance giant another $30 billion on an “as needed” basis. The announcement came as AIG reported losing $61.7 billion in the fourth quarter, the biggest quarterly loss in United States history.

A massive late winter snowstorm pummeled the Northeast on Monday, grounding hundreds of flights, causing spin-outs, delaying trains and buses and closing school for thousands of children from South Carolina to New Hampshire.

The U.N. nuclear monitoring agency cannot exclude the possibility that Iran may be hiding atomic activities, the agency’s head said Monday.

Information from APexchange.com