BUSINESS BRIEFS

More TALF

The Federal Reserve said investor requests for loans to buy asset- backed securities rose to $10.6 billion from last month as sales of eligible bonds increased. About $13.5 billion of bonds were eligible for TALF loans, also the highest monthly tally so far.

GM split

GM notified sharehold ers it is planning a re verse stock split that would give them one share of new stock for every 100 shares they currently own, if the au tomaker reaches deals to swap debt for stock with the Treasury Depart ment and bondholders.

Chrysler

A federal bankruptcy judge ruled that lenders opposing the sale of Chrysler must reveal their identities, increas ing the likelihood that the dissident debt- holder group may di minish in size.

EA earns

Electronic Arts reported a quarterly loss of $42 mil lion, or 13 cents a share, in its fourth quarter ended March 31, versus a net loss of $94 million, or 30 cents a share, a year ago.

BoNY sale

Bank of New York Mellon sold $1.5 billion of notes without the backing of the US gov ernment, according to a source.

Icahn bid

Carl Icahn’s $325 mil lion bid for convertible bonds issued by Lions Gate Entertainment failed to attract many takers. Lions Gate bond holders sold about $583,000 face amount of the debt, according to a Monday SEC filing.