Reply #17: AIG, Harley-Davidson, McDonald's [View All]

[UpInArms]

http://www.marketwatch.com/news/print_story.asp?print=1&guid={A8EBA5AE-D568-4667-B422-F554A0636683}&siteid=mktw

AIG (AIG: news, chart, profile) may be in focus again after the company said in a filing with the Securities and Exchange Commission that Maurice "Hank" Greenberg, the Dow component's ousted chief executive officer, recently gave a gift of 41.4 million shares of AIG to his wife, Corinne P. Grrenberg.

<snip>

MBIA Inc. (MBI: news, chart, profile) said that a series of class-action lawsuits have been filed against the insurance and investment-services company and that it anticipates further suits. The suits filed to date allege MBIA failed to make various disclosures covering business activities and transactions dating back as far as 1998, according to a company filing with the Securities and Exchange Commission. "No time currently is set for MBIA Inc. to respond to the complaints," the company said. Shares of MBIA added $1.03, or 1.9%, to end Tuesday's trading at $55.40.

<snip>

Pinnacle Systems (PCLE: news, chart, profile) warned that fiscal 3Q revenue would miss expectations, as uncertainty regarding the acquisition of the company by Avid Technology (AVID: news, chart, profile) slowed orders from its distribution channels. The digital media company now expects revenue of $64 million to $66 million, below prior projections of $74 million to $77 million. The stock closed Tuesday down 8 cents at $5.54, and were currently halted for trading for news dissemination.

...more...