U.S. stock futures edged higher, as investors weighed another deal involving insurer American International Group. AIG, which is majority owned by the U.S. government following a massive bailout, reached a deal to sell its second-largest life insurance business, American Life Insurance, for $15.5 billion in cash and stock to MetLife. This follows a $35.5 billion deal reached last week to sell its Asian life insurance business to Prudential PLC.
There will be little in terms of economic reports early this week. The next major economic reports are the weekly unemployment claims, set for Thursday, and retail sales on Friday.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
