Stocks open higher: Some good economic news could bolster investor confidence. Dow is up 60 points.
AIG bailout was successful: Treasury Department plans to sell an $18 billion stake in the giant financial firm, putting it on a path to actually make money. That's something no one had expected four years ago. From NYT columnist Andrew Ross Sorkin:
The Government Accountability Office, which is not swayed by politics, estimated in May that taxpayers will receive a profit of about $15 billion from the A.I.G. bailout. That includes the profit the Fed had already made as part of the broader rescue. There may still be parts of the bailouts to debate: how they were executed, whether they were as effective as they could have been and, perhaps, whether taxpayers should have received an even bigger return for their investments given the risk. But on the whole, the rescue of A.I.G. -- often called a backdoor bailout of Wall Street -- should be considered a success.
Higher cost for downtown convention center: Rebuilding the West Hall will run $358 million, not $275 million, as first estimated. The updated price was included in an agreement between Anschutz Entertainment Group and the city over the proposed stadium and convention center. (Daily News)
Californians more upbeat: Chapman University's index of consumer confidence has jumped 5 points since the second quarter, and is at its highest level in five years. Still, the index suggests there are more pessimists than optimists. (Sacramento Bee)
Digital Domain files for bankruptcy: As part of the filing, Searchlight Capital Partners will acquire Digital Domain Productions and its digital visual effects operating units for $15 million. (THR)
Look for higher health costs: Employer premiums rose 4 percent, on average, this year, down from an 11 percent hike in 2011. But higher increases are expected next year. (LAT)