Reuters: Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results.
Reuters: Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay.
Reuters: Japan Airlines says bankruptcy is an option to solving its problems.
Reuters: Soros says US economy will drag on world growth. Read More
Updated throughout the day.
Updated 2:00 PM EST: American Superconductor Corporation (NASDAQ: AMSC) has traded higher all day and some are noting takeover chatter on this one. We have yet to see anything credible, but this is up close to 4% at $32.60.
Updated 11:57 AM EST McGraw-Hill (NYSE:MHP) may be close to selling BusinessWeek and would only keep the brand and website. All editor staff members would be let go. (WWD)
Updated 11.47 AM EST Riverbed (NASDAQ:RVBD) may be a takeover target for Juniper (NASDAQ:JNPR) (Barron’s )
Updated 11.44 AM EST GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) are still in talks about NBCU with a target for a decision in three weeks. (CNBC)
Update 11:00… Sequenom Inc. (NASDAQ: SQNM) is up another 9% today at $3.64. The trader chat is that management and employees may have had no wrongdoing in the botched test data. This is also not the first day of this, and we are not prepared to pan it or endorse it as it seems too soon.
Real estate developer Young Woo stands to make millions off his purchase of the AIG (NSYE:AIG) building (TheDeal)
The FDIC is questioning the results of a review of the Citigroup (NYSE:C) management team. (WSJ)
Chinese firm Sichuan Tengzhong could buy Hummer from GM as early as today (MarketWatch)
Vivendi will sell its 20% of NBCU, probably to GE (NYSE:GE) (The Street)
Sales of the Apple (NASDAQ:AAPL) iPhone and iPod are causing global flash memory shortages. (AppleInsider)
Charges against two former Bear Stearns executives could hurt JPMorgan’s (NYSE:JPM) bottom line (Fortune)
IRS workers may have had a role in questionable refunds. (Forbes)
The US may start an antitrust probe into the Live Nation (LYV) merger with TicketMaster (TKTM) (DealBook)
Douglas A. McIntyre
Reuters: GM says most of its cost cutting is done and its sales chief left.
Reuters: Spot gold hit a record above $1,050.
Reuters: The Senate healthcare bill weighs in at $829 billion.
Reuters: Dell (NASDAQ:DELL) plans its first smartphone to be launched with AT&T (NYSE:T) using the Google (NASDAQ:GOOG) Android OS Read More
These are some of the top early morning analyst upgrades and positive research calls we have seen from Wall Street early this Tuesday morning:
American Dental (ADPI) Started as Outperform at Robert W. Baird.
Eagle Materials (EXP) Raised to Neutral at JPMorgan.
General Electric (GE) raised to Overweight at JPMorgan.
Globe Specialty Metals (GSM) Started as Buy at Jefferies & Co.
Intercontinental Hotels Group (IHG) Raised to Outperform at Credit Suisse.
LM Ericsson (ERIC) Raised to Hold from Sell at Deutsche Bank.
PennyMac Mortgage (PMT) STarted as Buy at Deutsche Bank.
Red Hat (RHT) Raised to Buy at Goldman Sachs.
Ticketmaster (TKTM) Raised to Overweight at Thomas Weisel.
VMware (VMW) Raised to Buy at Goldman Sachs.
JON C. OGG
News Corp. (NASDAQ: NWS), via the MySpace unit, has announced that it is acquiring a social music discovery service called iLike. Financial terms were not disclosed, but iLike’s co-founders and twin brothers Ali and Hadi Partovi and Chief Technology Officer Nat Brown will remain with the company. iLike was founded in 2006 and has become one of the more popular widgets on social sites.
Read More
According to Reuters, former Citigroup (C) CEO Sandy Weill may start a fund to invest in distressed financial companies.
Reuters writes that Amazon (AMZN) turned in a weak forecast hurting its stock.
Reuters reports that weak economic data in Japan lead to more recession fears
Today marks the break-up for IAC/Interactive, which trades asunder the IACI and IACID tickers after the August 11, 2008 record date. IAC/Interactive is going to begin trading on a post-split basis to reflect the break-up today. The company’s spin-off symbols are as follows:
| Today’s top tickerspy Indexes | |
| Domestic Telecom ... | +2.6% |
| Stem Cell Stocks | +2.3% |
| Pain Management S... | +2.1% |
| Ethanol and Biofu... | +1.9% |
| Savings and Loan ... | +1.8% |
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