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

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By Douglas A. McIntyre Updated Published
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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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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