Today's Best Market Rumors (10/1/2009) (GE)(NKE)(BAC)(CSCO)

Investing

Published: October 1, 2009 9:13 am

Last Updated: March 10, 2020 6:54 pm

Updated throughout the day.

Update: RADVision (RVSN) is trading down over 33% on rumors that the Cisco (CSCO) buyout of Tandberg will cost it nearly 40% of its revenue. (Morgan Keegan)

Update: Friday’s unemployment numbers will be bogus (RealClearMarkets)

GE (GE) may or may not be talking to Comcast (CMCSA) about buying all or part of NBC Universal. Time Warner (TWX) was also identified as a potential bidder. (FT)

Inside candidates at Bank of America (BAC) may be out of luck if they hope to get the job of departing CEO Ken Lewis. Larry Fink, the head of Blackrock (BLK), and former Merrill Lynch President Greg Fleming may be in the running. (NYPost)

Hershey (HSY) will not make a bid for Cadbury (CBY) (WSJ)

Baxter International (BAX) may be the next buyout target in pharma. (The Deal).

Collins Stewart analyst Sandeep Aggarwal thinks a number of private internet companies will go public or be bought including Digg, Twitter, Facebook, LinkedIn, Glam, Zillow, eHarmony, and Yelp (Barron’s)

AOL’s (TWX) advertising business is losing money on an EBITDA basis. (Clusterstock)

CIT (CIT) is about to offer a massive debt exchange offer to its bondholders. (NYTimes)

Disgraced football player and dog fight lover Michael Vick may be re-signing with Nike (NKE) (CNBC) Update: Nike denies the rumor.

Douglas A. McIntyre

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