Shares of New York Times Co (NYSE:
NYT) fell about 0.4% after the company announced its plans to sell its regional news group to Halifax Media Holdings LLC for $143 million. The deal is likely to close in the first quarter.
Shares of Fidelity National Financial Inc (NYSE:
FNF) dropped about 1.04% after the company announced its plans to sell majority of its personal-lines insurance business to WT Holdings Inc. Fidelity would sell 85% of it personal-lines business for around $119 million. The deal is expected to close late in the first or early in the second quarter.
Shares of Cliffs Natural Resources Inc (NYSE:
CLF) dropped about 2.9% after Atlas Iron Ltd (OTC: ATLGF) announced its plans to sell the Yerecoin magnetite project to Cliffs Natural Resources for an initial A$18 million in cash.
Shares of Broadcom Corporation (NASDAQ:
BRCM) declined about 0.7% after the company appointed Robert Finocchio, Jr. to its board of directors.
London Stock Exchange Group (OTC:
LDNXF) reported a 79% surge in its profit before tax for the first half financial year 2012. Total IPO money raised during the period climbed 27% to GBP12.6 billion, from GBP9.9 billion in 2010.
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