- Movie studio Metro-Goldwyn-Mayer has reached a deal with Carl Icahn to buy back his shares in the film studio for about $590 million, media reports said late Tuesday. MGM agreed to pay Icahn $33.50 per share, representing a premium of roughly 20% over MGM's trading price of $28 in private markets, according to the reports. Icahn owns 17.6 million shares which is equivalent to a 25% stake in the studio behind the James Bond series, the reports said.

So while Navistar struggles to get a proven technology in place, its competitors are lunging forward. Cummins (NYSE: CMI) and PACCAR (NASDAQ: PCAR) both reported solid results in their last quarters. While surging warranty claims ate into Navistar’s bottom line, Cummins' warranty costs touched a 15-year low last year. Both companies worked hard to get their 2010 engines meet compliance—one came out victorious while the other faltered.