AIG

American International Group Inc. and ex-CEO Maurice “Hank” Green berg said they will pri vately arbitrate one law suit and possibly another, potentially ending a long legal fight.

Oil slick

US crude oil for Octo ber delivery fell $2.78 to $69.96 a barrel as fear of a curb in Chinese bank lending dented optimism about the pace of eco nomic recovery and a po tential rebound in energy demand.

Bonus onus

The head of the Securi ties and Exchange Com mission warned Wall Street that it should avoid using bonuses and other inducements to recruit brokers that could en courage them to generate high sales and act against customers’ interests.

Citi sells

Citigroup said it sold its interest in three credit card portfolios, repre senting about $1.3 billion in assets.

Icahn cuts

Carl Icahn cut his stake in Yahoo! Inc. by 12.7 mil lion shares to 62.9 mil lion, an SEC filing said.

Citadel holds

Hedge-fund firm Cita del Investment Group LLC, E*Trade Financial Corp.’s largest stock and bond holder, cancelled plans to sell 10 percent of its stake in the online brokerage.

R.’s heart

Lawyers for R. Allen Stanford, the Texas finan cier accused of a $7 bil lion fraud, hospitalized with a racing pulse hours before a hearing, said he will undergo further heart tests.