Investing

Today's Best Market Rumors (10/9/2009)

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

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.