stake

Ford Cuts Mazda Stake, No Longer Biggest Shareholder

Ford Motor Company (F) will slash its stake in Mazda Motor Corp. to 3.5% from 11%. The deal, which is expected to be completed Friday, will mean that Ford is no longer the top shareholder in Mazda, The Associated Press said. Ford has been Mazda%u2019s biggest shareholder for more than 30 years.

Fiat Eyes a Ferrari IPO to Fund Bigger Stake in Chrysler

Italian automaker Fiat reportedly is looking to acquire a bigger stake in Chrysler Group, and may seek to sell shares in its Ferrari sports-car unit in an initial public offering to help fund the purchase, unnamed sources told the respected Italian newspaper Corriere della Sera.

MBIA Shares Jump After Fairholme Buys 11.1% Stake

Share in financial services company MBIA are up more than 10% in pre-market trading after Fairholme Capital Management, the investment firm headed by Bruce Berkowitz, disclosed that it had purchased an 11.1% stake in MBIA, the world's largest bond insurer.