NEW YORK -- American International Group (AIG) said it plans to sell up to 90% of International Lease Finance Corp. (ILFC) to a Chinese consortium led by Weng Xianding, chairman of New China Trust Co., for about $5.28 billion.
The investor group will acquire 80.1% of ILFC for about $4.23 billion, with an option for an additional 9.9% stake. AIG, the big insurer, will keep at least 10% of the company.
Texas Instruments (TXN) releases its mid-quarter update on Monday. The chipmaker previously said that orders were soft in the fourth quarter. It forecast fourth-quarter earnings in October of 23 cents to 31 cents a share. 5 Dividend Stocks Getting Ready To Pay You More
Ingersoll-Rand (IR) could announce as soon as Monday it will spin off its security division, according to multiple reports. The industrial company, under pressure from activist investor Nelson Peltz, also could announce a buyback of $2 billion and a hike in its dividend, reports said.
Virgin Atlantic and Delta Air Lines (DAL) will agree to a partnership on transatlantic flights once Delta seals a deal to buy Singapore Airlines' 49% stake in the British airline, a source close to the U.K. carrier told Reuters. Virgin founder Richard Branson wasn't immediately looking to sell any of his 51% stake in the airline, the source said, and he was "concentrating on working with Delta" if the U.S. airlines successfully buys Singapore's stake.
McDonald's (MCD), the fast-food giant, is expected to report same-store sales for November on Monday. Analysts forecast global same-store sales at McDonald's to rise 0.1%. McDonald's posted its first decline in monthly sales in nine years in October. Investments That Go to the Dogs (and Cats)
Earnings are expected Monday from John Wiley & Sons (JWA), Casey's General Stores (CASY), ABM Industries (ABM)and Greif (GEF).
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV