There are several rumors and developments happening this morning. We are tracking these and other situations, with updates throughout the day pending developments.
China is considering a tightening of credit by tightening capital requirements for its banks. China is also said to be raising gas prices at the end-user level.
Cisco Systems Inc. (NASDAQ: CSCO) is likely going to be looked at favorably at least this morning now that Jabil, a top OEM, beat earnings and raised guidance.
Google Inc. (NASDAQ: GOOG) is said to be sniffing around at smaller players that compete in Groupon’s space after it failed to acquire the company (NYPost).
Massey Energy Co. (NYSE: MEE) reportedly has two bids for the company (WSJ and others).
Motorola Inc. (NYSE: MOT) may be viewed cautiously at 52-week highs ahead of the Motorola Mobility Holdings spin-off as RBC started the spin-off with a “Sector Perform” rating.
Sony Corporation (NYSE: SNE) is rumored to have a Playstation phone in April (Pocket-lint).
JON C. OGG