Investing

Today's Best Market Rumors (10/30/2009) (C)(CSCO)(SAPE)(DOX)(CTSH)

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