Company News for November 27, 2009

• AIG (NYSE:AIG) announced settlement of claims against former Chairman Greenberg and Chief Financial Officer Smith

• Frontline (NYSE:FRO) reported a Q3 loss of $0.07 per share, beating consensus estimates for a loss of $0.13 per share. Revenues for the quarter dropped 60% to $233 million, but came in ahead of consensus estimates of $196 million

• According to a WSJ report, China-based Lenovo Group Ltd. (OTC:LNVGY) announced Friday that it plans to acquire Lenovo Mobile Communication Technology Ltd. from a consortium of investors headed by the private equity arm of Legend Holdings for USD$200 million in cash and shares

• ING Group (NYSE:ING) priced a rights issue in an effort to raise USD$11.5 billion and reduce its dependence on state support

• Dyax Corp. (NASDAQ:DYAX) announced it established an exclusive distribution agreement with AmerisourceBergen Corp. (NYSE:ABC) for its experimental drug Kalbitor

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Read the full analyst report on DYAX