Monday's early afternoon trade: US stocks lifted by AIG deal

Posted by 7Star Tuesday, March 2, 2010

US stocks rose on Monday, boosted by AIG's deal to sell its Asian life insurance unit and prospects for solving Greece's debt problems, which have increased fears about the outlook for global recovery. American International Group Inc jumped 6.6 percent to $26.40 after Britain's Prudential Plc agreed to buy its AIA Group insurance arm for $35.5 billion. Other merger and acquisition news helped boost sentiment.

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