PRECIOUS METALS HIGHLIGHTS: Top Stories of the Day
TOP STORIES Anglo American, Codelco Close to Sealing Chile Sur Deal - Report Anglo American PLC (AAKUY, AAL.LN) and Chilean state copper-mining company Codelco are close to reaching an agreement over the contested Sur property and a deal could be ready by or on Aug. 17, La Tercera newspaper
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.
Treasury to Sell $4.5 Billion in AIG Common Stock
The Treasury Department on Friday said it plans to sell $4.5 billion in American International Group Inc. (AIG) shares, continuing the process of winding down financial-crisis programs first launched almost four years ago.
Knight Says it Secured Last-Minute Lifeline
Knight Capital Group told brokers on Friday that it has received a badly-needed line of credit, raising hopes the embattled firm can survive the weekend without a bankruptcy filing.
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,"