Business news digest

NATION

Federal-Mogul Corp.
emerges from bankruptcy

SOUTHFIELD, Mich. — Federal-Mogul Corp. emerges from six years of bankruptcy protection with strong finances, a good product mix and the support of billionaire investor Carl Icahn, the auto supplier’s chief executive said Friday.

“Definitely, we’re back to a normal life,” CEO Jose Maria Alapont said during a media briefing. Federal-Mogul, which emerged from bankruptcy Dec. 27.

Southfield-based Federal-Mogul filed for bankruptcy protection in 2001. It faced 365,000 lawsuits seeking hundreds of millions in damages stemming from asbestos liability claims. The company took on the liability in 1998 when it bought several companies facing their own asbestos claims. The company has 45,000 employees in 35 countries.

Xbox 360 owners to get
free video game over fuss

SEATTLE — Microsoft Corp. said Friday it will give Xbox 360 owners a free video game to make up for poor performance over the holidays by the system’s online hub.

Gamers log on to the Xbox Live Web site to buy games, television shows and movies to load onto their consoles, and interact with other players. The software maker did not publicly detail the problems Xbox users faced or the steps it has taken to fix the issues. The company will give a free game from the Xbox Live Arcade, but did not say which titles will be chosen, or when.