SALE

Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group , one more step in the U.S. bank's plans to recoup losses from the financial crisis.

Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2 billion of bills at rates unchanged from last week's rates for similar sizes and maturities.

Nycomed, the private equity-owned Swiss drugmaker, is looking at sweetening its bid for Solvay's drugs unit with the Belgian chemical and drug maker's board set to meet to decide on the unit's future.

The U.S. car market should see a modest recovery in 2010, with sales possibly reaching between 11.5 million and 12 million vehicles, General Motors Co Chief Executive Fritz Henderson said on Thursday.

Shares of Canwest Global Communications Corp, Canada's biggest media company, jumped more than 75 percent on Thursday after it announced it would sell its stake in Australia's Network Ten television network for more than C$630 million ($578 million).

Nomura Holdings Inc said it would raise up to 511 billion yen ($5.6 billion) in its second share sale since buying Lehman's Asian and European operations, targeting investments and tighter capital requirements.

The Tribune Co received federal court approval on Thursday to sell the Chicago Cubs baseball team to the Ricketts family for $845 million, part of the bankrupt media company's effort to restructure.

Hummer plans to invest $9.4 million over five years and take advantage of tax credits to set up a Michigan headquarters after China's Tengzhong acquires the brand from General Motors Co, a Hummer spokesman said on Tuesday.

French media company Vivendi SA will decide whether to unload its 20 percent stake in NBC Universal by early December, setting the stage for a sale that may draw far more headlines than bidders.

Julius Baer has looked at the private banking assets Dutch bank ING is putting up for sale and is open to discussing a deal, the bank said, clarifying a press report that said Bear was no longer interested.

Vivendi declined to say on Monday what it planned to do with its 20 percent holding in U.S. media and entertainment group NBC Universal amid mounting speculation that it could decide to unload the stake this year.

Robust sales of the Pre smartphone helped Palm Inc post a smaller-than-expected loss, but a tepid second-quarter sales forecast and a plan to sell more shares helped snuff out a rally and sent its shares down nearly 2 percent on Thursday.

U.S. and Canadian judges said on Wednesday approved Nortel Networks Corp's sale of its enterprise business to Avaya Inc for about $900 million, part of the liquidation of the bankrupt telecoms company.

Lehman Brothers Holdings Inc said on Tuesday that Barclays Capital Inc got a $8.2 billion windfall profit from excess assets it took control of in the fire sale of Lehman's U.S. brokerage business a year ago.

Citigroup Inc shares were trading down around 5 percent on Tuesday after reports the government might begin shedding its stake in the New York-based bank.

Shell International Finance BV on Tuesday launched its $5.0 billion four-part note sale, said IFR, a Thomson Reuters service.

Citigroup on Tuesday set price guidance on its fixed-rate and floating-rate notes backed by the Federal Deposit Insurance Corp, said IFR, a Thomson Reuters service.

The Obama administration has notified Congress of a possible sale to Turkey of advanced Patriot PAC-3 antimissile systems and related gear valued at up to $7.8 billion.

Dubai's Istithmar World is freezing investments as part of a restructuring process that may result in sale of the fund or its assets, Bloomberg said, citing people familiar with the plan.

Verizon Communications says it is ready to oppose the sale of the enterprise business unit of Canadian telecom-equipment maker Nortel Networks' to Avaya Inc for $475 million, citing public safety and security concerns.

Stocks rose on Thursday as a brighter outlook from consumer product company Procter & Gamble and a successful Treasury debt auction put Wall Street on pace for a fifth straight session of gains.