AIG American International Group, Inc The Securities and Exchange Commission is investigating the insurer American International Group for possibly overstating the value of contracts connected to subprime mortgages, reported The Wall Street Journal. 33.93 -2.48 / -6.81%
ASMI Asm Intl N V The chip equipment manufacturer said it received a preliminary approach of $400M to $500M for two of its business units from Applied Materials. 28.72 +2.31 / +8.75%
CFC Countrywide Financial Corp The Federal Reserve approved Bank of America's proposed $4B acquisition of distressed subprime mortgage lender Countrywide Financial. The deal is up for a shareholder vote by of both companies on June 25. 5.03 -0.26 / -4.91%
FMCN Focus Media Hldg Ltd China's biggest publicly traded advertising company posted a first-quarter loss on spending to install ad displays in more stores and office buildings. 31.09 -5.70 / -15.49%
ISPH Inspire Pharmaceuticals Inc The pharmaceutical said that a late-stage trial of its drug, denufosol, to treat cystic fibrosis, a disease that produces thick, sticky mucus in the lungs, met its goal. 5.19 +1.34 / +34.81%
LEH Lehman Brothers Holdings Inc The independent investment bank is on the verge of getting more capital. The investment bank could raise $5 billion by early next week, Bloomberg reports. Lehman execs are talking with at least one big U.S. pension fund and an overseas investor. 32.29 -1.56 / -4.61%
NCC National City Corporation Its banking unit entered a confidential, probation-like agreement with the Office of the Comptroller of the Currency to work out its financial problems related to bad loans, reported The Wall Street Journal. 4.95 -0.40 / -7.48%
NSM National Semiconductor Corporation Chief Executive Brian Halla said the chipmaker was able to turn in higher margins as "business conditions improved in the quarter," and was turning its attention toward newer markets to expand its customer base. 23.74 +1.08 / +4.77%
VZ Verizon Communications Inc Verizon Wireless agreed to buy Alltel in a deal valued at $28.1 billion, including the assumption of $22.2 billion in debt, a pact that would create the largest U.S. wireless carrier by subscribers. 38.23 -0.73 / -1.87%
WIN Windstream Corp The phone company serving rural areas in 16 states reported a first-quarter profit that beat analysts' estimates on more customers for high-speed Internet and digital television. 13.49 +0.10 / +0.75
CNN
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