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AIG prepares large asset sale
AIG, the troubled US insurer, is set to kick-start a sale of assets likely to attract interest from potential buyers including sovereign wealth funds, private equity groups and US and European insurers
Financial Times  –  Oct 1, 2008 10:36 PM [GMT]  –  comment?
Standard Microsystems 2Q profit declines
AP - Semiconductor maker Standard Microsystems Corp. said Wednesday its fiscal second-quarter profit declined, and shares fell after-hours after its outlook fell short of expectations.
Yahoo!  –  Oct 1, 2008 10:21 PM [GMT]  –  comment?
An Investment With Vision
Shares of infrared imaging company FLIR Systems should benefit as the once military-oriented company broadens its customer base.
Barron's Online  –  Oct 1, 2008 10:15 PM [GMT]  –  comment?
Sigma collapse marks end of SIV era
Sigma Finance, a $27bn structured investment vehicle has become the last of the complex debt funds at the heart of the credit crisis to collapse, ending a 25-year project to create a "shadow banking" industry
Financial Times  –  Oct 1, 2008 10:09 PM [GMT]  –  comment?
Rethink of rules on value boosts banks
Shares of US banks gained a boost on Wednesday as investors bet that new guidance on mark-to-market accounting rules would alleviate pressure on third quarter earnings
Financial Times  –  Oct 1, 2008 9:10 PM [GMT]  –  comment?
Micron Technology posts wider 4Q loss
AP - Memory chip maker Micron Technology Inc. said Wednesday its fiscal fourth-quarter loss widened as the industry continues to face oversupply problems and pricing pressures.
Yahoo!  –  Oct 1, 2008 8:48 PM [GMT]  –  comment?
Standard Life set to back HBOS takeover
Standard Life, one of the large institutional investors in Lloyds TSB, appeared to have thrown its support behind the rescue takeover of HBOS after concerns that the terms of the deal may have to be re-negotiated
Financial Times  –  Oct 1, 2008 8:19 PM [GMT]  –  comment?
UBS to cut 2,000 more jobs
The Swiss bank is to shed 10 per cent of its workforce by the end of this year, with its property group likely to be hit especially hard
Financial Times  –  Oct 1, 2008 8:03 PM [GMT]  –  comment?
US carmakers suffer sales pain
US light vehicle sales dived to their lowest level of the year in September, compounding declines in several European countries and underlining the gloom that has enveloped the global automotive industry
Financial Times  –  Oct 1, 2008 8:01 PM [GMT]  –  comment?
Manufacturers adapt with smaller vehicles
When Wall Street rises, the old maxim goes, skirt lengths are high. When it tumbles, hemlines head for the floor
Financial Times  –  Oct 1, 2008 7:47 PM [GMT]  –  comment?