SALE

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Belgium, BNP Paribas reach Fortis Bank sale deal

The Belgian state and France's BNP Paribas have reached a deal Saturday to sell financial group Fortis, the largest bank in Belgium and the Netherlands until the global financial crisis, according to the associated press reports.
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Bank of America mulls sale of Ex-Merrill unit: report

Bank of America is looking to sell a private bank it inherited from Merrill Lynch & Co. as the bank tries to preserve capital and possibly shed noncore assets, said a report on the Wall Street Journal's Web site, citing people familiar with the situation.
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Yahoo CFO says not opposed to search sale

U.S. Internet firm Yahoo Inc is not opposed to doing a deal that would potentially sell its search business, Chief Financial Officer Blake Jorgensen said on Wednesday
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Playboy posts steep loss, will consider company sale

NEW YORK - Playboy Enterprises Inc , publisher of one of the world's best known adult magazines, posted a wider fourth-quarter loss, hurt by $157.2 million in restructuring and other one-time costs, as well as weaker-than-expected revenue. The company, which posted a net loss in each quarter of 2008, also said it would be open to discussions about an outright sale of the company, o...
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Fed Gears Up for $2 Trillion U.S. Debt Sale

As the U.S. prepares to sell more than $2 trillion in debt this year, the Federal Reserve Bank of New York is holding talks with several firms which would help underwrite government debt instruments for sale in auctions, according to a report.
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UBS, Morgan Stanley held talks on brokerage sale

Swiss bank UBS held talks with Morgan Stanley late last year about a sale of its U.S. brokerage arm -- a unit UBS acquired in 2000 for $11.8 billion formerly known as PaineWebber -- according to a report in the Financial Times Tuesday.
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AIG launches sale of Asian arm to global bidders

American International Group Inc. launched the sale of its Asian life insurance unit, American International Assurance Co. yesterday, aiming to rise up to $20 billion that will help the bank repay a $60 billion debt with the U.S. government.
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HLTH sells ViPS Segment for $225 mln to General Dynamics

HLTH Corp., a provider of health information services, said Tuesday that it agreed to sell its ViPS segment to General Dynamics Information Technology, Inc., a wholly-owned subsidiary of General Dynamics Corporation (NYSE:GD) for $225 million in cash.
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News Corp Profit Rises on DirecTV Sale, TV ratings

News Corp., the owner of the MySpace Web site and Fox television, said on Wednesday its quarterly net profit rose three-fold on higher advertising sales and on a gain from the sale of its stake in DirecTV Group Inc.
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Michael Jackson faces forced sale of Neverland

Michael Jackson's famed Neverland Valley Ranch in California will be foreclosed and sold on March 19 unless the pop star pays a balance of nearly $25 million, property records showed on Tuesday.

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