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RBC to focus on U.S. asset management after sale

Royal Bank of Canada will focus on expanding its U.S. asset management business now that it has sold its money-losing U.S. retail banking operations to PNC Financial Services Group Inc for $3.45 billion in cash and stock.
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Microsoft objects to Nortel patent sale terms

Google should not be allowed to buy thousands of patents belonging to bankrupt Nortel Networks under current sale terms, Microsoft said on Monday, the deadline for bids in an closely watched auction.

World's most expensive Apple iPad Apps for sale at $1,000

Search through the Apple App Store and you may find an app called BarMax CA listed with an outstanding price tag of $999.99. The BarMax CA and NY app works on both the iPhone and iPad, allowing law students to study for bar exams. The app includes videos that were co developed with Harvard lawyers that includes lectures, flashcards, over a thousand MBE practice questions, a task list feature, and calendar.

Lady Gaga can literally stop 'traffic'

During Amazon's first attempt at selling Lady Gaga's album for a mere 99 cents they had issues with their servers. However, after seeing a high response to the first offer, Amazon is offering the deal again today.
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Intel says smartphones to be on sale early in 2012

Smartphones using Intel's mobile processors will go on sale early next year and the world's biggest chipmaker is also on track with processors for tablets, Chief Executive Paul Otellini said on Tuesday.
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AIG stock sale draws initial investor interest: report

Underwriters for the planned $9 billion stock sale by American International Group Inc and the Treasury have indications of interest from investors for about half the offering, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
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Bankruptcy judge OKs Innkeepers $1.12 billion sale

Innkeepers USA Trust, the bankrupt manager of more than 70 hotels, gained court approval on Friday of a plan to sell most of its properties to Cerberus Capital Management and Chatham Lodging Trust for $1.12 billion.
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Treasury, AIG cut plans for share sale: source

American International Group and the U.S. Treasury scaled back plans for a share sale after the insurance company's stock posted a steady decline and closed near an 8-month low on Tuesday, a source familiar with the situation said.
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Asset sale, revenue push Vale to record profit

Vale , the world's biggest producer of iron ore, posted a record profit in the first quarter as revenue more than doubled and the company booked a one-off gain from the sale of some aluminum assets.

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