Treasury to Unload $4.5B in AIG Stock
The Treasury Department revealed plans to sell off $4.5 billion of common shares in American International Group as the U.S. government continues to pare its stake in the bailed-out insurer.
International Lease Finance Corp. Hit By Repossessions, Late Fees; IPO on Hold
International Lease Finance Corp. said Friday it is still looking to find homes for aircraft repossessed this year from bankrupt airlines, while the number of carriers in arrears on rental payments doubled over the past year.
Treasury To Offer $4.5 Billion Of AIG Common Stock
The Treasury Department has launched an offering of $4.5 billion of its American International Group, Inc. common stock.
Obagi Dives 20% As Buyout Hopes Wane
Shares of Obagi Medical Products dove 20% on Friday after company officials said on their quarterly conference call that the company is not exploring a sale, according to Dow Jones Newswires.
Interpublic Shares Jump On Publicis Takeover Rumor
Shares of Interpublic Group of Cos. jumped more than 10% Friday on speculation that France's Publicis Group SA is considering a $15-a-share, or $6 billion, bid for the advertising agency. Shares of Interpublic rose 12% to $10.81 in recent activity. "We are aware of the activity in our stock today,"
Chile Stocks Regulator Modifies Conditions of Enersis Capital Increase
SANTIAGO, Chile--Chile's securities regulator Friday ruled that utility holding Enersis SA's (ENI, ENERSIS.SN) planned capital increase of up to $8 billion is an intercompany transaction.
AT&T Plans to Shut Down 2G Wireless Network by 2017
AT&T Inc. (T) is shutting down its second-generation, or 2G, wireless networks by 2017 as it continues to upgrade its systems to faster technology and better use its limited airwaves.
EA Sues Zynga for Copyright Infringement on New 'Ville' Game
Electronic Arts Inc. (EA) said it sued Zynga Inc. (ZNGA) for allegedly infringing its copyright-protected Facebook game "The Sims Social" with Zynga's new game "The Ville." Zynga, though, quickly shot back and said it would defend itself from the suit.
Health Net Hits More Cost Troubles, Cuts Outlook
Health Net Inc. (HNT) posted higher second-quarter earnings after selling a business unit, but the company once again slashed its full-year guidance as high health-care costs hurt results in its core health-insurance businesses.