Delta Air Lines (DAL - Get Report) is trending as the carrier purchased Singapore Airlines' 49% stake in Britain's Virgin Atlantic for $360 million. Delta and Virgin also announced a trans-Atlantic joint venture under which they will share costs and revenue on routes between Britain and North America. The two carriers will operate 31 peak-day round-trip flights between the U.K. and North America. Planned routes include nine daily round-trip flights from London Heathrow to New York City's John F. Kennedy Airport and New Jersey's Newark Liberty International Airport. The deal is a coup for Delta, as it gives the airline a more enhanced presence at Heathrow, Europe's busiest airport. Virgin is the second-largest carrier at Heathrow, where landing slots are difficult to acquire. Entrepreneur and Virgin Atlantic founder Richard Branson said he will retain his 51% stake in the airline. Branson founded Virgin in 1984, and Singapore Airlines bought 49% of the carrier for $965 million in 1999.
American International Group (AIG - Get Report) is another popular search. The U.S. Treasury Department said it has sold all of its remaining shares of AIG.