Golub get

AIG named board member Harvey Golub its non-executive chair man, replacing Edward Liddy after he steps down next week. Golub, 70, the former CEO of American Express, takes over Aug. 10.

Morgan Stanley

Morgan Stanley said it paid $950 million to buy back warrants from the government that could have eventually been con verted to common shares in the bank. Morgan Stan ley received $10 billion in funding under the govern ment’s TARP program.

NBC ads

NBC will collect 15 percent to 20 percent less in advance advertis ing sales for the televi sion season that starts next month than it did a year ago, a source said. The network will sell 70 percent of its inventory, down from 80 percent last year.

Sirius loss

Sirius XM Radio re ported a wider second- quarter loss on costs to pay down debt. The net loss expanded to $157.4 million, or 4 cents a share, from $83.9 million, or 6 cents, a year ago.

Blackstone

Blackstone Group LP reported its first quar terly profit in a year. Profit, excluding some costs tied to its 2007 initial public offering, rose 9.2 percent to $180.8 million, or 16 cents a share, from $165.6 million, or 15 cents, a year earlier.

Trib bonuses

Tribune Co. should be barred from paying $69.9 million in bonuses to hun dreds of managers, three unions told a judge.