Stock Updates: Ebay To Sell Skype, Sony Will Distribute Google’s Chrome, Citigroup Sells $1.3b In Credit Card Assets

• The head of Boeing’s (BA) aircraft division announced plans to retire, following last week’s long-awaited release of its Dreamliner schedule
• AIG (AIG) and its former CEO and CFO have reportedly agreed to terms of binding arbitration in settling claims from shareholders regarding lost investments due to financial restatements
• Apple (AAPL) will host a September 9, music-themed media event in San Francisco, expected to include a new iPod line, with a Beatles’ catalogue available on its iTunes store
• Sony (SNE) will distribute Google’s (GOOG) Chrome browser on its Vaio PCs
• Media reports said Bank of America (BAC) is planning to repay part of the $45 billion in government aid recovered from TARP, beginning with a $20 billion repayment. The move would remove its status as a recipient of “exceptional aid,” allowing certain government oversight measures to be lifted
• EBay (EBAY) is expected to announce plans to sell its Skype Internet calling division to private investors. The company has said it wants about $2 billion for the unit
• Wal-Mart (WMT) began website sales of merchandise not carried in its stores in a revenue-sharing exchange similar to Amazon.com’s (AMZN)
• Citigroup (C) said its sold $1.3 billion in credit-card assets to an undisclosed buyer. Terms of the sale were also not revealed
• Credit Suisse cut its Nokia (NOK) rating to “underperform” from “outperform,” and removed the company from its focus list. The firm also cut its estimate for 2010 by 28%. Credit Suisse expects Nokia to lose smart phone market share next year
• Robert W. Baird upped its price target for Wells Fargo (WFC) to $33 from $30

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