The Federal Reserve Bank of New York has turned down an offer by American International Group to repurchase dodgy mortgage bonds that the Fed had taken off the insurance company’s hands during the financial crisis. Get the full story »
Inside these posts: Asset sales
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Sara Lee sells rest of body care brands to Unilever
Sara Lee Corp. has completed the $1.6 billion sale of its body care and European detergent segments to Unilever NV, the food company said Monday. Get the full story »
Midwest Banc Holdings files for bankruptcy
Midwest Banc Holdings Inc. filed for Chapter 11 bankruptcy protection Tuesday, listing $9.7 million in assets and $144.7 million in debt in a filing in U.S. Bankruptcy Court in Chicago.
Pending leak cap, asset sale talk lift BP shares
A new cap that BP says could stop the flow of oil into the gulf. (BP/Getty Images)
BP shares continued a five-day rally Monday as the company gets closer to containing the Gulf oil spill.
The British oil giant also said it is in talks on the sale of company assets.
BP shares added $2.46, about 7.2 percent, at $36.51 in afternoon trading on the New York Stock Exchange. The stock has jumped 35 percent since bottoming out June 25.
Investors are returning to BP as the company plans to fasten a new cap that could contain the oil leaking into the sea. Analysts also said investors are heartened by reports that BP is in talks to raise money by selling some of its assets. Get the full story »
