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FILE - The AIG logo is shown in New York. The company's 1Q 2011 earnings took a hit from catastrophes and paying back debt to the Federal Reserve. (AP Photo/Mark Lennihan, file)

NU Online News Service, May 6, 11:02 p.m. EDT

Robert H. Benmosche, president and CEO of American International Group Inc., says the company is “ready to move forward” after reporting an 85 percent drop in first-quarter net income.

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