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Company News for December 12, 2012

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•    Shares of American International Group, Inc. (NYSE:AIG) gained 5.7% after the Treasury Department declared that it has sold the balance of its shares of the insurance company at a price of $32.50 a share. The sale is valued at around $7.6 billion

•    Murphy Oil Corporation (NYSE:MUR) rose 1.1% after it announced that it has reached an agreement with JPMorgan Chase & Co. (NYSE:JPM) as per which the oil and gas company will buy back $250 million of common stock

•    Shares of Delta Air Lines, Inc. (NYSE:DAL) surged 5.1% after it disclosed it has entered into an agreement with Virgin Atlantic as per which Delta will purchase a 49% stake. The purchase is valued at around $360 million

•    Dollar General Corp. (NYSE:DG) reported third quarter earnings per share of $0.63, beating the Zacks Consensus Estimate of $0.60

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