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Investing

Today’s Best Market Rumors (6/20/12)

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By Jon C. Ogg Updated Published

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This report is updated throughout the day if rumors arise on the 24/7 Wall St. Wire.

Rumor has it that Samsung’s next version of Galaxy will be larger in its fight to compete with Apple Inc. (NASDAQ: AAPL) and others.  It is also expected to be running on a different O/S than Android by Google Inc. (NASDAQ: GOOG).

Forbes said that the rumored retail bookstore launch from Amazon.com Inc. (NASDAQ: AMZN) will be huge.

The Securities Association of China issued two new rules on Tuesday to protect investors and to improve brokerage research report quality.  The second issue is that the SAC is banning any securities brokerage research report from quoting unidentified rumors in the actual reports.

The Hershey Co. (NYSE: HSY) is still rumored to make an effort to acquire its partner in India so that the company can go alone in that country.  This has been ongoing.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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