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U.S. stock market report
0706 ET 18May2009
AIG to speed up IPO for Asian unit
Insurance company American International Group is to speed up plans to list its Asian unit through an IPO that could raise more than $4 billion.
The IPO would help AIG repay some of the $180 billion the U.S. government has plow into what was once the world's biggest insurer, and allow the profitable Asia life insurance subsidiary, American International Assurance Co Ltd (AIA), to break from its ailing parent.
Shares of AIG rose 2.9 percent to $1.77 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0702 ET 18May2009
Onyx sues Bayer over rights to compound
Onyx Pharmaceuticals Inc said on Sunday it sued Bayer AG over its rights to an anti-cancer compound that it says it discovered during joint research with the German drugmaker.
In an e-mail statement, Bayer said it believed Onyx 'has no right to the substance.'
For details, see
Shares of Onyx closed Friday at $25.30.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 18May2009
Economic indicators for May 18
Economic indicators on tap for Monday include the May NAHB housing market index.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0655 ET 18May2009
Earnings diary for May 18
Companies scheduled to report quarterly results on Monday include: Loew's Co, WidePoint, American Pacific Corp, LiveDeal Inc , SMF Energy Corp and MCF Corp, among others.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
0706 ET 18May2009
AIG to speed up IPO for Asian unit
Insurance company American International Group is to speed up plans to list its Asian unit through an IPO that could raise more than $4 billion.
The IPO would help AIG repay some of the $180 billion the U.S. government has plow into what was once the world's biggest insurer, and allow the profitable Asia life insurance subsidiary, American International Assurance Co Ltd (AIA), to break from its ailing parent.
Shares of AIG rose 2.9 percent to $1.77 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0702 ET 18May2009
Onyx sues Bayer over rights to compound
Onyx Pharmaceuticals Inc said on Sunday it sued Bayer AG over its rights to an anti-cancer compound that it says it discovered during joint research with the German drugmaker.
In an e-mail statement, Bayer said it believed Onyx 'has no right to the substance.'
For details, see
Shares of Onyx closed Friday at $25.30.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 18May2009
Economic indicators for May 18
Economic indicators on tap for Monday include the May NAHB housing market index.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0655 ET 18May2009
Earnings diary for May 18
Companies scheduled to report quarterly results on Monday include: Loew's Co, WidePoint, American Pacific Corp, LiveDeal Inc , SMF Energy Corp and MCF Corp, among others.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
