Today’s Best Market Rumors (10/7/2009) (NOK)(AAPL)(JPM)(GE)(WYNN)
October 7, 2009 by Douglas A. McIntyreUpdated throughout the day.
Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year. Source today is from WSJ, but ask this… How many phone and consumer electronics announcements have been rumored on Dell?
Updated 1.36 PM EST: Pimco left the bondholders steering committee at CIT (NYSE:CIT) last month (CNBC)
Updated 12.45 PM: Polycom (NSADAQ:PLCM) could be taken over by Hewlett-Packard (NYSE:HPQ) or Dell (NASDAQ:DELL). Interdigital (NASDAQ: IDCC) could be bought by Nokia (NYSE:NOK) and ValueClick (NASDAQ:VCLK) could be taken over by any one of a number of companies. (Barron’s)
Updated 12.41 PM: GM head of American sales leaves amid talk that car company CFO may be next (CNNMoney)
Update 10.50 AM EST: Congress may pass a bill which will require that public companies split the roles of chairman and CEO. (MarketWatch)
Thomson Reuters (NYSE:TRI) may be involved in the bidding for McGraw-Hill’s (NYSE:MHP) BusinessWeek working jointly with Zelnick Media. Strauss Zelnick is on the boards of Blockbuster (NYSE:BBI) and Take-Two Interactive (NASDAQ:TTWO) (PaidContent).
Citigroup (NYSE:C) may sell it Philbro unit which is paying its chief $100 million this year. (CNBC)
Bank of America (NYSE:BAC) has narrowed its list of CEOs to two people (WSJ).
Foxconn has a deal to make 300,000 to 400,000 Apple (NASDAQ:AAPL) tablet PCs to ship in Q1 (DigiTimes)
Collins Stewart believes that Google (NASDAQ:GOOG) and Yahoo! (NASDAQ:YHOO) are on the lookout for acquisitions. (The Deal).
Share sales by Steve Wynn, head of Wynn (NASDAQ:WYNN), and his COO may be” a canary in the coal mine to other investors to take some profits on the gains in this sector since the March lows.” That would include MGM (NYSE:MGM) and Las Vegas Sands (NYSE:LVS) (TheStreet.com)
Private equity firms Bain Capital and THL Partners are asking banks that supported their buy-out of Clear Channel Communications to help restructure the firm’s debt. Those banks include Citigroup (NYSE:C), Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), and Morgan Stanley (NYSE:MS). (NYPost)
News Corp (NYSE:NWS) CEO Rupert Murdoch is in Japan and South Korea and may be discussing partnerships to build a rival product to the Amazon (NASDAQ:AMZN) Kindle. (Reuters)
Vivendi will discuss selling its 20% stake in GE’s (NYSE:GE) NBCU at its October 19 board meeting to allow a transaction with Comcast (NADSAQ:CMCSA) which would involve the cable company getting control of media firm. (BusinessWeek)
JPMorgan (NYSE:JPM) executive Heidi Miller could be in the running for the CEO job at Bank of America. (The Big Money)
Douglas A. McIntyre
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