C Olivares

The Treasury Department on Friday said it plans to sell $4.5 billion in American International Group Inc. (AIG) shares, continuing the process of winding down financial-crisis programs first launched almost four years ago.

Knight Capital Group told brokers on Friday that it has received a badly-needed line of credit, raising hopes the embattled firm can survive the weekend without a bankruptcy filing.

The Treasury Department revealed plans to sell off $4.5 billion of common shares in American International Group as the U.S. government continues to pare its stake in the bailed-out insurer.

International Lease Finance Corp. said Friday it is still looking to find homes for aircraft repossessed this year from bankrupt airlines, while the number of carriers in arrears on rental payments doubled over the past year.

The Treasury Department has launched an offering of $4.5 billion of its American International Group, Inc. common stock.

Shares of Obagi Medical Products dove 20% on Friday after company officials said on their quarterly conference call that the company is not exploring a sale, according to Dow Jones Newswires.

Shares of Interpublic Group of Cos. jumped more than 10% Friday on speculation that France's Publicis Group SA is considering a $15-a-share, or $6 billion, bid for the advertising agency. Shares of Interpublic rose 12% to $10.81 in recent activity. "We are aware of the activity in our stock today,"

U.S. crude oil prices spiked by over $3 Friday afternoon as the jobs report showed that more jobs than expected were added in July.

AT&T Inc. (T) is shutting down its second-generation, or 2G, wireless networks by 2017 as it continues to upgrade its systems to faster technology and better use its limited airwaves.