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Markets Flat As AIG Sells Business Unit To MetLife
The markets traded near the flatline during the midday with the Dow slipping 3 points to 10,562 while Nasdaq gained 7 points to 2333 as AIG unloads another business unit in order to raise capital to repay the government.
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The markets traded near the flatline during the midday with the Dow slipping 3 points to 10,562 while Nasdaq gained 7 points to 2333 as AIG unloads another business unit in order to raise capital to repay the government.
On the upside Shares of Zanett (Nasdaq: ZANE) continued soaring after announcing last week that the company received $12 million in new contracts in January and February. Helix Energy Solutions (NYSE: HLX) will sell its oil and gas business in order to concentrate on its deepwater wells contracting services business. Shares of Callon Petroleum (NYSE: CPE) rose ahead of its earnings release after market close. On the downside Lexicon Pharmaceuticals (Nasdaq: LXRX) will raise capital through the sale of $95 million worth of stock through a public offering. Poniard (Nasdaq: PARD) disappointed with a fourth quarter loss. International Coal Group (NYSE: ICO) offered up to 21.1 million common shares along with up to $275 million worth of senior convertible notes.
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