Insurance

Kennedy Health Plan Calls for Government Insurance Option, Employer Fees Senator Edward Kennedy’s health committee released a new health-care overhaul plan that lawmakers said would lead to coverage for most Americans, in part by assessing fees on companies that don’t offer insurance.

U.S. Payrolls Fall More Than Forecast in June, Unemployment Rises to 9.5% Employers in the U.S. cut more jobs than forecast in June and the unemployment rate rose to the highest in almost 26 years, limiting wages and threatening to erode the consumer spending essential to an economic recovery.

Jackson Promoter AEG Seeks Ways to Recoup $30 Million in Concert Expenses The promoter bankrolling Michael Jackson’s concerts in London said it may be owed as much as $30 million by the pop singer’s estate for outlays tied to the comeback shows.

Treasury Short-Term Notes Increase as U.S. Loses More Jobs Than Forecast Treasuries rose, led by shorter- maturity debt, after a government report showed the U.S. economy eliminated more jobs than forecast in June, fueling speculation that rising unemployment will prolong the worst recession in a half-century.

One in Seven Americans Had No Health Insurance Last Year, CDC Report Shows One in seven people in the U.S. had no health insurance in 2008, after 2.8 million Americans joined the ranks of the uninsured since 1997, according to a report by the Centers for Disease Control and Prevention.

AIG Stock-Delist Notice Posted Erroneously on New York Exchange Web Site American International Group Inc., the insurer that made a 1-for-20 reverse stock split this week, was the subject of an erroneous notice of suspension and delisting by the New York Stock Exchange.