Stocks to Watch: AIG, Texas Instruments, McDonald's

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.

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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.

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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.

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Earnings are expected Monday from John Wiley & Sons ( JWA), Casey's General Stores ( CASY), ABM Industries ( ABM)and Greif ( GEF).


-- Written by Joseph Woelfel

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