By Scott Malone

(Reuters) – MHR Fund Management LLC said Friday it has a 13.6 percent stake in Navistar International Inc (NAV.N: Quote, Profile, Research, Stock Buzz), making it the largest shareholder in the U.S. truck and engine maker, and putting it ahead of the 11.9 percent stake of investor Carl Icahn.

MHR, founded by Mark Rachesky, a former associate of activist investor Icahn, now holds 9.4 million shares in the troubled company, bought May 22 through June 13, it said in a filing with the U.S. Securities and Exchange Commission.

NEW YORK/BOSTON (Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) expects to receive second-round bids for its industrial units that make pumps and compressors by the end of June, and could announce a deal in the third quarter, the company’s chief financial officer said on Thursday.

Greg Hayes, speaking at an investor meeting in Chicago, said the auction process remains “robust” with “lots of interest” from private equity buyers, but also from other industrial companies.

June 14 (Reuters) – Europe’s downturn has gotten worse than
United Technologies Corp executives expected coming into
the year, and the company is concerned about Greece’s troubles
spreading, a top executive at the diversified U.S. manufacturer
said.

“Clearly, the situation in Europe has gotten a lot worse
than we had expected,” Greg Hayes, the company’s chief financial
officer, said on Thursday. “As we sit here today facing the
Greek elections… we are very concerned about Europe.”

NEW YORK/BOSTON, June 14 (Reuters) – United Technologies
Corp expects to receive second-round bids for its
industrial units that make pumps and compressors by the end of
June, and could announce a deal in the third quarter, the
company’s chief financial officer said on Thursday.

Greg Hayes, speaking at an investor meeting in Chicago, said
the auction process remains “robust” with “lots of interest”
from private equity buyers, but also from other industrial
companies.

BOSTON (Reuters) – AOL Inc (AOL.N: Quote, Profile, Research, Stock Buzz) shareholders re-elected the company’s eight-member board of directors on Thursday, handing a defeat to activist hedge fund Starboard Value, which had sought to unseat three directors.

AOL shares slid 6 percent to $25.49, their steepest slide on the New York Stock Exchange in more than two months, a move that reflected investors selling ahead of fears that Starboard would look to unload its 5.3 percent stake in the company.

BOSTON (Reuters) – AOL Inc (AOL.N: Quote, Profile, Research, Stock Buzz) shareholders vote on Thursday on whether to hold course on the one-time Internet giant’s strategy to gradually become an ad-driven media destination or to shake up the company in line with an activist investor’s demands.

Six months into a battle between existing management and Starboard Value, shareholders will decide whether to keep AOL’s existing eight-member board of directors or take on up to three Starboard-backed nominees that the hedge fund says will push for better returns for shareholders.

BOSTON (Reuters) – The girlfriend of reputed U.S. mobster James “Whitey” Bulger on Wednesday appealed the eight-year sentence a judge had given her a day earlier for her role in helping the accused murderer evade justice for 16 years.

Catherine Greig, 61, made her appeal in court papers filed in Boston federal court. The one-paragraph appeal does not lay out her reasoning.

BOSTON (Reuters) – A judge sentenced the girlfriend of reputed mob boss James “Whitey” Bulger to eight years in prison on Tuesday for her role in helping him evade arrest for 16 years.

Judge Douglas Woodlock also imposed on Catherine Greig a $150,000 fine and ordered her to serve three years of supervised release once she is out of prison.

BOSTON (Reuters) – A judge will decide on Tuesday how long the girlfriend of reputed Boston mob boss James “Whitey” Bulger will spend in prison for helping the accused murderer evade arrest for 16 years.

Prosecutors have asked for a 10-year federal prison term for Catherine Greig, 61, who in March pleaded guilty to charges that she conspired to help Bulger hide after he fled Boston in late 1994 when a corrupt Federal Bureau of Investigation agent warned him that authorities were closing in on him.

By Scott Malone

(Reuters) – Activist investor Carl Icahn took advantage of Thursday’s plunge in Navistar International Corp (NAV.N: Quote, Profile, Research, Stock Buzz) shares to boost his stake in the U.S. truck and engine maker, according to a filing with the U.S. Securities and Exchange Commission.

Icahn, who had pushed for a merger of Navistar and rival Oshkosh Corp (OSK.N: Quote, Profile, Research, Stock Buzz), and his affiliates now hold an 11.87 percent stake in the company, up from his prior reported 9.99 percent, after buying in at a three-year low.