NU Online News Service, Feb. 26, 11:55 a.m. EST
American International Group cut its fourth-quarter net loss by 86 percent over the same period in 2008, reporting it reduced its net loss by $54 billion.
The New York-based insurer reported fourth-quarter net loss for 2009 of $9 billion, or loss per share of $65.51, compared to the previous year's net loss of $62.6 billion, or net loss per share of $458.99.
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