BC-Business News Digest

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All times EDT.

Editors: The business desk will reopen Wednesday at 6 a.m. This is a digest of stories moving overnight. If you have issues overnight please call 212-621-1600.

INDUSTRY:

AIG LAWSUIT

WASHINGTON — Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., is due back in court in a trial of a lawsuit filed by the insurance giant's former CEO over the handling of the rescue. On Tuesday, Geithner affirmed his belief that the bailout was needed to avert disaster for the financial system. By Marcy Gordon. UPCOMING: 600 words at 12:01 a.m.

WELDING CLOTHES

PAWTUCKET, R.I.— The U.S. military is testing out a new way of making clothes— welding the pieces together. The hope is that it will save money and make the clothes lighter. A Rhode Island-based company, Propel, is using a federal grant to make a stitchless Navy parka. It's a process that seen limited success in manufacturing overseas — Patagonia sells a parka that uses the technique. The company's president says the work here could help revive U.S. textile factories and bring back some of the garment manufacturing business from overseas. By Jennifer McDermott. UPCOMING: 700 words by 1 a.m., photos, video.

EARNINGS:

— EARNS-MONSANTO — Monsanto reports quarterly financial results. UPCOMING: 130 words after release of results at about 8 a.m., 300 words by 9 a.m., photo.