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Today’s Best Market Rumors (10/8/2009) (XRTX)(CLWT)(CTIC)(CIT)(BRCD)(ACP)(AAPL)(GOOG)

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By Douglas A. McIntyre Updated Published
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newspaperUpdated throughout the day.

Updated at 4.24 PM EST:  Xyratex (NASDAQ:XRTX) is up 14% today, another tech stock in the buyout rumor mill.  (Barron’s)

Updated at 2.12 PM EST: Euro Tech Holdings (CLWT) is up 40% on two million shares traded, about twent times it normal volume, on rumors that Chinese water companies will report better than expected sales for the last quarter  (various)

Updated at 2.05 PM:  Cell Therapeutics (NASDAQ:CTIC) continues to drop sharply down another 5% today on rumors of poor upcoming financial results or trouble with a drug trial  (various)

Updated at 1.50 PM EST:  Hedge fund Little Bear Investments, a noteholder in CIT (NYSE:CIT), is tying to get a group of bondholders to lobby for a larger equity stake in the commercial lender’s debt restructuring. (The Deal)

Updated at 1.35 PM EST: Microsoft (NASDAQ:MSFT) has cut its legal budget by 15% (LegalWeek)

Updated at  1.25 EST: Speculation has come up again that Brocade (NASDAQ:BRCD) will be sold to Hewlett-Packard (NYSE:HPQ). (Barron’s)

Update at 12:45 PM EST: NVIDIA Corporation (NASDAQ: NVDA) is currently halting graphic chipset production on compatibility innew Intel (INTC) newest microprocessors because of licensing disput. (WSJ)

A review of Citigroup (NYSE:C) management by consultant Egon Zehnder suggested that the chief administrative officer and vice chairman should go  (CNBC)

Anadarko Petroleum (NYSE:ACP) and Tullow Oil are likely to be acquisition targets by larger oil companies.  (The Deal)

Apple (NASDAQ:AAPL) may open as many as 1,000 retail stores in the next three years  (MarketWatch)

Google’s (NASDAQ:GOOG) Android operating system will overtake the Apple iPhone in handset market share by 2012 (Apple Insider).

Twitter is talking to Microsoft (NASDAQ:MSFT) and Google about selling them data on the activity of its users  (AllThingsD)

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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Today’s Best Market Rumors (10/2/2009) (AAPL)(GE)(BAC)(GOOG)(TWX)

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Updated throughout the day. Updated 2.15 PM:   Electronic Arts (NASDAQ:ERTS) may buy social game business Playfish for $250 million. (Business…
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Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds  (FT) The stock market is…
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Today’s Best Market Rumors (10/19/2009) (YHOO)(POT)(SYMC)(CME)(AAPL)

Updated throughout the day         Updated  3.34 PM EST:  Consensus figures for Microsoft (NASDAQ:MSFT) earnings may be significantly too high (Barron’s) Updated…
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Dell Inc. (NASDAQ: (NASDAQ: DELL) is seeing some unusual activity ahead of its earnings report.  Perhaps more interesting is what…
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Research in Motion Ltd. (NASDAQ: RIMM) is surging today after a news report has turned into the rumor mill, and…
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Today’s Best Market Rumors (10/12/2009) (LAZ)(F)(AAPL)

Updated throughout the day. Updated  1.39 PM EST: Charles G. Ward, III, a senior executive at Lazard (NYSE:LAZ) will be named…

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