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Fidelity National Financial


jumped 16% after proposing a restructuring of its relationship with its

Fidelity National Information



Fidelity National Trust

( FNT) units.

The plan involves a number of transactions that will effectively result in the three public companies becoming two public companies, a new FNF and the existing FIS. The New FNF will have no ownership interest in FIS.

Fidelity National Financial also said its first-quarter earnings fell 76% as a result of a one-time gain a year ago and increased operating expenses.

On Thursday, FNT rose 5% and FIS slid 1%.

This story was created through a joint venture between and IRIS.