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Today's Best Market Rumors (10/30/2009) (C)(CSCO)(SAPE)(DOX)(CTSH)
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Updated throughout the day.
Updated 3.23 PM EST: Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write down the quarter. Citi denies it (CNBC)
Updated 10.24 AM EST: Cisco (NSADAQ:CSCO) may drop its bid for Tandberg (Barron’s)
Venezuela may have gold reserves with a total value over $13 billion. (CNBC)
JP Morgan (NYSE:JPM) may have had concerns about Galleon as early as 2001 (Financial Times)
Likely near-term tech acquisition targets include Sapient (NASDAQ:SAPE), Computer Sciences (NYSE:CSC), WNS (NYSE:WNS), Amdocs (NYSE:DOX), Cognizant Technology (NASDAQ:CTSH) and ExlService (NASDAQ:EXLS) (Reuters)
Time Warner (NYSE:TWX) may spin-off AOL in December (TheStreet.com)
CIT (NYSE:CIT) is likely to file for bankruptcy in the next few days. (Reuters)
Cargill is the largest private company in the US followed closely by Koch Industries (Forbes)
Douglas A. McIntyre
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