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The NATO alliance is weighing rotating four battalions of troops through Eastern member states, U.S. Defense Secretary Ash Carter said on Monday, in the latest proposal by allies to guard against aggressive behavior by Russia. The Baltic states - Estonia, Latvia and Lithuania - which joined NATO in 2004, have requested greater presence of the alliance, fearing a threat from Russia after it annexed the Crimea peninsula from Ukraine in 2014. Carter acknowledged NATO deliberations included the deployment of the four battalions to the Baltic states and Poland.
American International Group Inc , under fire from investors to improve its performance, reported a lower-than-expected profit for the third straight quarter as poor returns from hedge funds hurt its investment income. AIG has been scaling back investments in hedge funds, which have borne the brunt of excessive market volatility in the past year. Big-name hedge funds favored by pension funds and the ultra-wealthy for their track record of stellar returns took a battering in the first quarter of 2016, with some posting their worst ever start to a year on record.