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ECONOMY

From Times Staff and Wire Reports

Insurer May Lay Off 1,000: American International Group, a large and influential property and casualty insurance company, reportedly plans to lay off 1,000 people, a move that could set off a fresh round of layoffs in the troubled industry. The Wall Street Journal cited unidentified sources as saying the cuts will begin soon and continue during the next six months. The planned cuts would represent about 6% of AIG’s staff of 16,000.


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