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Friday, February 24, 2012

AIG posts huge 4th-quarter profit on tax benefit

(Reuters) - Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/dsHCeSCD000/us-aig-idUSTRE81M21E20120223

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