stake

Mazda Not Seeking New Partner Despite Ford's Reduction in Stake

Mazda Motor is not seeking a new alliance with another auto manufacturer following Ford's recent decision to reduce its stake in the Japanese automaker.

Ford Cuts Mazda Stake, No Longer Biggest Shareholder

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.