• The government is pumping another $30 billion into AIG, the insurance giant deemed "too big to fail." The company also reported a fourth-quarter loss of $61 billion, the largest quarterly loss in history. [NYT, BN, WSJ]
• Stocks moved lower on Monday morning following the AIG news. [BN]
• HSBC is cutting 6,100 jobs and raising $18 billion in capital. [Reuters, DB]
• Hedge funds are bracing for another wave of withdrawals. [WSJ]
• The third bailout of Citigroup last week? It may not be the last. [NYT]
• Investment banks pulled in $53 billion in fees in 2008, 39 percent less than the record $87 billion of a year earlier. JPMorgan took the biggest share. [BN]
• Consumer spending rose in January for the first time in seven months as shoppers took advantage of post-holiday discounts. [BN]

Staff at Elle publisher Hachette Filipacchi U.S. thought their spendthrift French owners might sell last summer. CEO Jack Kliger was out, the landscape bleak. They should have been so lucky.

The New Yorker's lengthy profile of David Foster Wallace broke some news: Little, Brown will publish the late novelist's unpublished manuscript for "The Pale King" in 2010. Chunks have already appeared online.

CNN's Jeffrey Toobin reportedly "crossed the line" with Casey Greenfield, daughter of a CBS reporter. Columnists Rush & Molloy don't give details, but one can speculate from what they omit: Greenfield is pregnant.

Facebook's failed $500 million offer for Twitter? Totally happened.

Newspaper publishers have long imagined their journalism filled Google's results and fueled its profits. But Twitter is building a popular, potentially profitable news search engine from mostly amateur content.

Google's perfectionist cupcake princess is totally misunderstood! That's the claim Marissa Mayer, the VP who oversees Google search, makes to a credulous New York Times, which licks up the frosted version of her career.

Jimmy Fallon's critics hate him for being so awkward and manic. But all indications are the Saturday Night Live veteran will embrace those qualities, crafting the geekiest Late Night yet.

We hear Bauer Publishing just summoned its entire staff to the office in a frantic effort to get ahead of the coming New York snowstorm. Bad weather + Media depression = panic!

Liz Smith went on CNN today and said she was "really inept at making [the Web] work." Then the deposed New York Post gossip proved it.

Mickey Rourke's post-Oscar life has swiftly come into focus.

Joining other newsmen at the Pearly Gates of Heaven is Paul Harvey, who passed away at age 90. Harvey was a broadcasting pioneer with a signature staccato speaking style that garnered him nationwide recognition.

Barack Obama is widely expected to appoint as drug czar Gil Kerlikowske, who as Seattle police chief focused on intervention and treatment over arrests for drug possession.

The more reserved of the two Hollywood watchdogs, Sharon Waxman hit out against her competitor Nikki Finke this week.

We have a hard time believing that Fishsticks Paltrow is the offspring of Blythe Danner, who seems like a nice lady who doesn't take herself so seriously.

They're off again: Looks like those reports that Chris Brown and Rihanna are back together might not be so solid. Perez has got Brown cavorting with a Kardashian. (Say it realfast three times.)

The people of Iran, that nation of possibly nuke-holding Mid-East bullies have turned their attention from negotiations with President Obama to more serious matters: Hollywood's portrayal of their fine country.

You know that saying, "You can't squeeze blood from a stone"? Well, apparently, you can. The Tribune Company has had yet another round of layoffs.

A friend of mine likes to say that he reads the Sunday Styles section before he reads everything else, so that he can get good and angry in the morning. Today is no exception.

Past Oscar winners have gotten a bump in ticket sales after winning the little gold man, but Slumdog Millionaire is a different sort of movie.