NEW YORK -- American International Group AIG said it plans to sell up to 90% of International Lease Finance Corp. ILFC to a Chinese consortium led by Weng Xianding, chairman of New China Trust Co., for about $5.28 billion.
The investor group will acquire 80.1% of ILFC for about $4.23 billion, with an option for an additional 9.9% stake. AIG, the big insurer, will keep at least 10% of the company.
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Texas Instruments TXN releases its mid-quarter update on Monday. The chipmaker previously said that orders were soft in the fourth quarter. It forecast fourth-quarter earnings in October of 23 cents to 31 cents a share.
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Ingersoll-Rand IR could announce as soon as Monday it will spin off its security division, according to multiple reports.
The industrial company, under pressure from activist investor Nelson Peltz, also could announce a buyback of $2 billion and a hike in its dividend, reports said.
Virgin Atlantic and Delta Air Lines DAL will agree to a partnership on transatlantic flights once Delta seals a deal to buy Singapore Airlines' 49% stake in the British airline, a source close to the U.K. carrier told Reuters.
Virgin founder Richard Branson wasn't immediately looking to sell any of his 51% stake in the airline, the source said, and he was "concentrating on working with Delta" if the U.S. airlines successfully buys Singapore's stake.
McDonald's MCD , the fast-food giant, is expected to report same-store sales for November on Monday.
Analysts forecast global same-store sales at McDonald's to rise 0.1%.
McDonald's posted its first decline in monthly sales in nine years in October.
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Earnings are expected Monday from John Wiley & Sons JWA , Casey's General Stores CASY , ABM Industries ABM and Greif GEF .
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