Stocks open week up slightly
Stocks are up slightly at opening and seeking direction, following news of an AIG sell-off.
In the first 15 minutes of trading, the Dow is up one-tenth of 1 percent.
The broader S&P 500 is up two-tenths of 1 percent, and the tech-heavy Nasdaq is less than two-tenths of 1 percent.
In other news this morning, AIG sold another big overseas insurance unit, selling its Alico unit to MetLife for $15.5 billion. This will be applied to paying back the taxpayers for the more than $60 billion that has been directly given to AIG to save the insurance giant. Last week, AIG sold its Asia insurance business to Britain's Prudential for $35.5 billion.
Also the Greek prime minister is in Washington today, presumably talking about his nation's debt crisis.
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By
Frank Ahrens
|
March 8, 2010; 9:31 AM ET
Categories:
The Ticker
,
Wall Street
| Tags: AIG, Dow Jones, nasdaq, s&p 500
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I saw an ad that said Drink Canada Dry. I started this morning and I'm still drinking. The Greek problem is a Washington problem now? ELF can survive a nuclear attack and Greece can't survive Greece. 3 characters in 15 minutes is a drawback.