Today’s day trader and active trader alerts are not at all based on earnings, yet we have many key movers early this Tuesday morning:
American International Group, Inc. (NYSE: AIG) is down almost 3% at $34.40 after its AIA unit ale to Prudential plc is effectively collapsing.
BP plc (NYSE: BP) is down 14% at $36.95 now that its “Top-Kill” has failed. Whatever the cost and damage comparisons are to the Valdez, forget about it, because these costs will now be exponential.
ev3, Inc. (NASDAQ: EVVV) is up 18% at $22.32 after Covidien is acquiring its for $2.6 billion or $22.50 per share in an all-cash deal.
RadioShack Corp. (NYSE: RSH) is trading up 4% at $21.35 on talk that Blackstone may acquire the electronics retailer.
PIIGS KILLERS: With the E.U. weak again on banking fears, you can imagine how poorly the banks located in the PIIGS are doing: The Bank of Ireland (NYSE: IRE) is down 7.5% at $4.72; Allied Irish Banks plc (NYSE: AIB) -4.9% at $2.51; National Bank of Greece SA (NYSE: NBG) is odwn 3.7% at $2.36.
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JON C. OGG
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