Today’s Best Market Rumors (10/23/2009) (TWX)(PALL)(T)(KFT)

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By Douglas A. McIntyre Updated Published

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Updated throughout the day.

Updated 1.36 PM EST:  Nokia’s (NYSE:NOK) patent suit against Apple (NASDAQ:AAPL) could cost iPhone maker $1 billion  (Reuters)

The  Bank of England may have to increase bond purchases after the UK economy shrank in Q3.  (Bloomberg)

Chrysler Financial will cease business within two years  (CNBC)

Time Warner’s (NYSE:TWX) Time, Inc publishing unit will eliminate serveral hundreds jobs. (PaidContent)

ETF Securities will launcha ETFS Palladium Trust (PALL)  (TheStreet)

Bank analyst Dick Bove is under criticism for changing his opinion on Well Fargo (NYSE:WFC) from “standout” just after the bank released earnings to “sell” nine hours later  (FT Alphaville)

AT&T (NYSE:T) is close to getting government approval of its deal to buy Centennial Communications. (The Deal)

The liabilities of Japan Airlines would exceed assets by $8.8 billion if the carrier is liquidated.  (NYTimes)

A deal for Nelson Peltz not to criticize Kraft (NYSE:KFT), where he is a major shareholder, is set to expire which may complicate the US company’s efforts to takeover Cadbury.  (Financial Times)

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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