Investing

Today's Best Market Rumors (10/6/2009) (CTIC)(DDRX)(BA)(XOM)(GOOG)(AIG)(BAC)(AAPL)

Updates throughout the day.

Update 2.40 PM EST: Biotech Cell Therapeutics (CTIC) is getting crushed, down 13% to $.95 on over 46 million shares. Rumors of insider selling, troubles with OPAXIO cancer, and possible dilution from possible raising of capital (various)

Update 1.50 PM EST: Cult stock Diedrich Coffee (DDRX) down 7% on heavy volume based on rumors shorts are aggressively moving into the shares  which are up almost 7,000% this year.  (various)

Update 12.05 PM EST:  After announcing a delay in the 747-8 Freighter and a $1 billion charge, Boeing (BA) CEO Jim McNerney’s job could be on the line (DJ Newswires).

Update 9.55 AM EST: Exxon Mobil (XOM) has agreed to buy Kosmos Energy’s stake in the Jubilee field in Ghana. (CNBC)

Kaufman industry sources say BMC, Citrix (CTXS), VMware (VMW), Symantec (SYMC), and CA (CA) are potential tech  buyout targets. (Briefing.com)

Yahoo! (YHOO) might sell Zimbra, Hot Jobs, and Yahoo! Small Business. (SAI)

Rogers Communications will lose its exclusive deal for selling the Apple (AAPL) iPhone in Canada. Telus and Bell Canada will get franchises (Globe and Mail).

Pay czar Kenneth Feinberg will cut cash compensation for executives at a number of firms which may include AIG (AIG), Citigroup (C), and Bank of America (BAC)   (WSJ)

Citigroup’s Pandit could be the next big bank CEO pushed out the door. (The Deal)

Lawyers working on Viacom’s (VIA) lawsuit against Google’s (GOOG) YouTube have found e-mails uncovered evidence that “employees of the video site were among those who uploaded unauthorized content to YouTube.” (CNET)

Douglas A. McIntyre

 

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.