Sep 10 - Daily morning update on markets, people in the news, world events and your daily digit.
I had the -- loosening their -- thought AIG's. And why -- Al this where. Later in the -- He's got an update from Reuters -- headquarters in New York. The federal government. -- go from majority to minority shareholder in AIG. -- daily digit today eighteen. Dollars that the amount of the treasury department's plan stock sale. It's that reduces state from 53%. To 20%. The government loaded up on shares when -- bail out the aliens here during the financial crisis. I keep plants have bought back five billion dollars of that shares. Sales come at a profit the stock trading about the 2870 Q mark that represents the government's breakeven points. And other companies selling assets is BP it is part with stakes in several Gulf of Mexico wells. To raise cash for the damage caused by the 2010 gulf oil spill. Its sales amount nearly six million dollars Plains Exploration & Production is the -- its shares down on the news. I'm raising cash to losing it. The Wall Street Journal says Jamie Dimon as well as other eggs exit JPMorgan. Could see their bonuses cut. Boss CITIC Group -- could suffer the same fate. The moves would be response to management mistakes including JPMorgan's derivatives trade which has cost it about six billion dollars. While banks around the brokered with challenges auto makers going full speed ahead US companies reported record sales in August. And now -- European company is joining them. Our -- Rockwell joins us from an -- apparently not an European businesses suffering. That and now thankfully no despite regular mama there are still enough consumers out there it seems that keen to get behind the wheel. Of a luxury driving machine the latest is Al would be. Audi is VW's luxury brand which reported record sales in August 15%. More cars delivered to customers. That an all best of lost yet. And it's getting closer and president BMW which is the global premium lead -- Now -- that continues to pound him on a great surprises that sales dropped 24%. In China wanting the realities will wind was -- In China. As something else that should help rowdy yeah I give up BMW run for its money the European launch at the end of last month of its high volume. Compact passed the 83 hatch back. So we can expect things -- deceiving starting off from it. Leaving I might have the Mercedes-Benz brand back trailing behind both BMW. And out so all don't bat. All right we'll take it -- -- -- at the end Amazon is listing to consumer complaints about its new Kindle fire tablets. The technology giant now says it will give buyers the option of paying fifteen bucks to turn -- the commercials that are built into the devices. The announcement comes after posters and online forms lambasted Amazon for not originally offering the paid ad free option. When nobody is -- that -- our power player of the day is Denver Broncos quarterback Peyton Manning. -- start signal caller back after a year -- -- with dated entries he completed more than 70% of its passage of the day you. Including. -- touchdowns. To power the Broncos that went nineteen over the Pittsburgh Steelers. -- starting to earn his five year 96 million in dollar contract. The next time he's -- a perfect so raw the toast of the latest uses that like technology. Why growers in the south of France using satellite technology to map -- -- quest for the perfect harvest. If that lights create maps that show how right the bonds are which allows sport targeted harvesting and in the ends up out of this world line. Technology is going to be -- now you and a Morocco Greece and Japan. And that's the latest entry thought this Monday he's let's what are writers thought there and check out our writers -- Reuters dot com slash Reuters TV. I've got this -- that. Whether it's.