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American International Group Inc. (NYSE:AIG) reportedly sold its headquarters at 70 Pine St. and 72 Wall St. for $100 million to a group of foreign investors. The New York Post reports buyers expect to create a mixed-use development from a purely commercial property that could include residential and retail. Morgan Stanley (NYSE:MS), meanwhile, in a bid to raise more capital sold 16 million common shares for about $440 million to Mitsubishi UFJ Financial Group Inc. MUFG said the deal will push its holding in Morgan Stanley to more than 20%. The New York-based financial holding company says the stock sale to MUFG and another one to China Investment Corp. will give it enough capital to satisfy the criteria for exiting the U.S. Treasury's Troubled Asset Relief Program by redeeming the government's preferred-share stake in the company. Intuit Inc. (NASDAQ:INTU) -- the company known for financial software such as Quicken and Turbo Tax -- has agreed to acquire privately held online payroll services provider PayCycle Inc. for about $170 million. The move is intended to bolster its payroll solutions offerings. The San Francisco-based company expects the acquisition to reduce its earnings by about 2 cents a share in the fiscal fourth quarter, and it said it doesn't expect the deal to have any material effect on its fiscal 2010 earnings. Meanwhile, on the international scene, the world's fourth-largest gold producer Gold Fields Inc. (NYSE:GFI) of Johannesburg said on Wednesday it sold its 19.9% stake in Sino Gold Mining Ltd. for $282 million to Canada's Eldorado Gold Corp. Also, Lloyd's of Londoninsurer Amlin plc acquired Fortis Corporate Insurance, a provider of marine and corporate property insurance, from the Dutch government for €350 million ($497.5 million). - Gerald Magpily
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Middle-market dealmaking is off to a fast start Wednesday with five deals and counting. Are these deals a sign that the global economy is recovering as credit is easing and company earnings are improving? The Deal middle-market editor Nathaniel E. Baker might seem to think so as 
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