AIG will not be suing the government after all and more proof that money can't buy good health. Here's the Wednesday After The Bell Report from the New York Stock Exchange.
We have just learned that AIG will not join its former CEO in a lawsuit against the U.S. government after lawmakers said the case was an insult to taxpayers who bailed out the insurance giant during the financial crisis. The insurer's board met Wednesday before making that decision.
American Stock Exchange
2393.15 down 6.19
NASDAQ Composite
3105.81 up 14.00
Standard And Poors 500
1461.02 up 3.87
Meantime, Bloomberg has learned that Morgan Stanley plans to cut an additional 1,600 investment bank and staff support jobs.
Hydraulic fracturing, also known as fracking, helped push U.S. oil production to the highest level in 20 years.
Stocks closed higher as investors grew more optimistic about corporate earnings reports.
America may be the richest country in the world, but you know what they say, you can't buy health. We are actually sicker and more likely to die earlier than peers in high-income countries, according to a government-sponsored study.
Insurers are bracing for increased claims because of the growing number of flu cases, which started to rise in November.
