Plains All American buys remaining 50 percent stake in natural gas unit, gains full ownershipSeptember 4th, 2009 Plains buys remaining stake in natural gas unitHOUSTON — Crude oil transporter Plains All American Pipeline LP said it bought Vulcan Capital's indirect 50 percent interest in PAA Natural Gas Storage LLC. On Thursday the company said this move boosts its ownership of the natural gas storage business to 100 percent.
Judge extends deadline to weigh in on Google's digital book deal until Sept. 8September 3rd, 2009 Judge extends deadline to debate Google book dealNEW YORK — A federal judge has extended the deadline to support or protest a class-action settlement that would empower Google to add millions of out-of-print books to its already vast digital library. The new deadline is 10 a.m.
American Axle, Home Depot, TJX, Huron Consulting are among big market movers TuesdayAugust 18th, 2009 American Axle, Home Depot, TJX are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
NYSE:
American Axle & Manufacturing Holdings Inc., up $3.08 at $5.70
The auto parts manufacturer won another extension on its credit line and reached a financial agreement with General Motors Co.
Home Depot Inc., up 82 cents at $26.93
Home Depot
Morgan Stanley buys back warrants tied to TARP from Treasury Department for $950 millionAugust 6th, 2009 Morgan Stanley repurchases TARP warrantsNEW YORK — Morgan Stanley said Thursday it paid $950 million to buy back warrants from the government that could have eventually been converted to common shares in the bank. New York-based Morgan Stanley issued the warrants to the Treasury Department as part of the loan package it received under the Troubled Asset Relief Program.
Production cuts, bankruptcies at GM and Chrysler make for tough quarters for suppliersAugust 6th, 2009 Automakers' shutdowns drive suppliers' 2Q lossesNEW YORK — With global auto production still in a slump and two of the U.S. automakers in bankruptcy protection, it wasn't a big surprise that the second quarter was another tough one for auto suppliers.
AIG, American Axle, Whole Foods, EA, Garmin, Radian are big market movers WednesdayAugust 5th, 2009 AIG, American Axle, Whole Foods, EA are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
American International Group Inc., up $8.48 at $22
Shares of the embattled insurer gained more than 60 percent ahead of its earnings release slated for Friday and the Monday start of new CEO Robert Benmosche, former head of MetLife. American Axle and Manufacturing Holdings Inc., up $1.14 at $3.75
The auto supplier's second-quarter loss shrunk in half from a year ago — but so did its sales due to Detroit automakers' plant shutdowns.
Everest Re extends contract for CEO Taranto until Dec. 31, 2010August 4th, 2009 Everest Re extends CEO's contract to end of 2010NEW YORK — Insurer Everest Re on Tuesday said it extended the employment contract of Chairman and CEO Joseph V. Taranto to Dec.
Alcoa closes deal to buy Billiton metals refining stake in SurinameJuly 31st, 2009 Alcoa completes deal for Billiton Suriname stakeNEW YORK — Aluminum producer Alcoa said Friday that it has closed a deal to buy Australia-based BHP Billiton's bauxite and alumina refining operations in Suriname. Terms of the deal, which was first announced in April, were not announced.
American Express buys back TARP warrants from Treasury Department for $340 millionJuly 29th, 2009 American Express repurchases TARP warrantsNEW YORK — American Express Co. said Wednesday it repurchased outstanding warrants issued to the government as part of the Troubled Asset Relief Program for $340 million.
American Axle working through restructuring plan with legal and financial advisersJuly 11th, 2009 American Axle working through restructuring planNEW YORK — American Axle is working with longtime legal and financial advisers to consider restructuring options, but the company and a law firm representing it are stopping short of saying they are considering bankruptcy. "After discussions with our bankruptcy group we are not in a position to comment," a Shearman & Sterling spokesman said.
UPS extends logistics contract with FordJune 30th, 2009 UPS extends contract with FordATLANTA — UPS Inc. said Tuesday it has extended its contract with Ford Motor Co.
Par Pharmaceutical offering $150 million in mix of stock, warrantsJune 19th, 2009 Par announces mixed offering for $150 millionNEW YORK — Par Pharmaceutical Cos. said Friday it is selling up to $150 million in a mixed shelf offering and plans to use the proceeds for general corporate purposes.
American Express repays $3.39 billion received as part of government investment programJune 17th, 2009 American Express repays $3.39B in TARP fundsNEW YORK — American Express Co. said Wednesday it repaid the $3.39 billion it received last fall as part of the government's $700 billion bank investment program.
American Axle suing supplier Republic Engineered Products to resume steel shipmentsJune 16th, 2009 American Axle sues steel maker to resume shipmentsNEW YORK — Auto parts supplier American Axle & Manufacturing Holdings Inc. is seeking a court order to get one of its steel suppliers to resume deliveries, saying that by cutting off supplies it threatens the entire auto supply chain.
UAW official says American Axle to shutter Detroit plant, hundreds to lose jobsApril 28th, 2009 Union: American Axle to close Detroit plantNEW YORK — American Axle & Manufacturing Inc. plans to shutter the largest plant at its Detroit manufacturing complex and move production to Mexico, a union official said Tuesday.
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