Leading US listed companies suffered their first collective quarterly loss since at least 1935 in the fourth quarter of last year, Standard & Poor's has revealed.
With results for the quarter now in from 98 per cent of companies that make up the S&P 500 index, the corporate sector suffered a net loss of $180bn, or $20.70 a share, as the severity of the recession and financial turmoil hit the bottom line.
It was the first loss since 1935, when S&P's aggregate data begins.
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