Today in business: 5 things you need to know

AIG may sue the feds, Samsung's Galaxy phones shrug off the iPhone 5, and more in our roundup of the business stories that are making news and driving opinion

Apple, Schmapple: Samsung's Galaxy smartphones reported extraordinarily strong sales to close out 2012.
(Image credit: Sean Gallup/Getty Images)

1. AIG MULLS JOINING LAWSUIT AGAINST THE GOVERNMENT

American International Group is running a "Thank you, America" ad campaign in recognition of the $182 billion bailout that kept it alive. The restored insurance company's board, however, is meeting on Wednesday to discuss whether to join shareholders in a $25 billion lawsuit claiming that the rescue's tough terms, including high interest rates and payouts to the company's Wall Street clients, amounted to a violation of Fifth Amendment protections against taking private property for public use "without just compensation." [New York Times]

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.