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 OMAHA, Neb. (AP) - Billionaire investor Warren Buffett expressed confidence Saturday in embattled New York insurance company American International Group Inc., telling his stockholders at their annual meeting that it is a "great company."
Buffett told the crowd of 19,000 shareholders that Berkshire Hathaway Inc. will have strong first quarter earnings, bolstered in part by insurance revenue, but that currency trading losses will mean an overall loss in investments.
He also said the Berkshire board will discuss the possibility of paying a dividend for the first time.
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