Loss leaders

Bank of America, JPMorgan Chase and Wells Fargo may lead 20 publicly traded US banks that charge off as much as $40.9 billion on home- equity investments this year, Fitch Ratings said.

ABC sum

Walt Disney’s ABC sold about $2.4 billion in advertising ahead of the coming television season, said a person with knowl edge of the matter.

Lowball IPO

Wall Street banks may be pushed by the govern ment to charge fees as low as 2 percent to ar range the Treasury’s sale of General Motors, which could raise $12 billion, an estimate said.

Microsoft sale

Microsoft is raising $1.15 billion in its first sale of convertible bonds re deemable for shares when its stock rises to about $33.40, a 33 percent increase from June 8.

NFL flagged

The NFL Players Asso ciation filed a complaint against the National Foot ball League, alleging it re- negotiated contracts with television networks so it would be guaranteed money even if there is a lockout in 2011 and de prived players of poten tial revenue.