public company

Metabolix Eases Nearly 5% After Critical Reuters Story

Among other things, it notes that five years after going public, Metabolix has not made a profit. Construction of a production facility in Iowa, to be co-owned with Archer Daniels Midland (ADM), also has been delayed repeatedly, a

adm, analysis, archer daniels midland, mblx, metabolix, plant, production facility, profit, public company, underdeliver, wall street

Metabolix (MBLX) is down after a Reuters report notes that the company over promises and under delivers, which is starting to try Wall Street's patience.

By FNNO Staff
fnnonline@gmail.com

AIG Down 5.5% as Firm Completes Recapitalization Plan; Share Sale Seen Soon

Published on Fri, 01/14/2011 - 15:54
By Stephanie Shyu in General Interest, AIG, aig, bailout, bankers, government, insurance, market, public company, recapitalization, shares sale, stake, usa

According to Reuters, bankers are speculating about how soon a share sale could happen.

In a statement, AIG CEO Robert Benmosche said, "We recognize that we have to stand on our own and meet the expectations of the marketplace. That's not new to us."

AIG shares are down 5.5% to $54.00 on the news late Friday.

aig, bailout, bankers, government, insurance, market, public company, recapitalization, shares sale, stake, usa

Shares of American International Group (AIG) are down after news that the recapitalization of the insurance giant is complete, leaving the US government with a 92% stake that it is looking to sell quickly, according to reports.

By Stephanie Shyu
sshyu@fnno.com

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