NU Online News Service, May 3, 1:55 p.m. EDT

Chicago-based insurance broker Aon Corp. reported its first-quarter net income dropped 36 percent as economic headwinds and soft market conditions took a toll on earnings.

On Friday, Aon reported net income dropped $102 million to $178 million compared to the same period last year. Earnings per share fell 33 cents per share to 63 cents. Overall organic growth stood at negative 3 percent in the quarter.

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