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Insurer AIG secures $4.3 billion in credit facilities, boosting investor confidence.
Major indexes mostly recover from early declines; Dow ends off 18 points, S&P 500, Nasdaq edge higher.
American International Group led the U.S. insurance industry to its best year since 2003 as investments strengthened
American International Group Inc., the company repaying a $182.3 billion government rescue, led the U.S. insurance industry to its best year since 2003 as investments strengthened.
U.S. stocks erased losses, as the Standard & Poor’s 500 Index rallied for the sixth day in seven, after American International Group Inc. led a rally in financial shares after announcing $4.3 billion in bank credit lines.
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