Updated throughout the day.
Updated 2:00 PM EST: American Superconductor Corporation (NASDAQ: AMSC) has traded higher all day and some are noting takeover chatter on this one. We have yet to see anything credible, but this is up close to 4% at $32.60.
Updated 11:57 AM EST McGraw-Hill (NYSE:MHP) may be close to selling BusinessWeek and would only keep the brand and website. All editor staff members would be let go. (WWD)
Updated 11.47 AM EST Riverbed (NASDAQ:RVBD) may be a takeover target for Juniper (NASDAQ:JNPR) (Barron’s )
Updated 11.44 AM EST GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) are still in talks about NBCU with a target for a decision in three weeks. (CNBC)
Update 11:00… Sequenom Inc. (NASDAQ: SQNM) is up another 9% today at $3.64. The trader chat is that management and employees may have had no wrongdoing in the botched test data. This is also not the first day of this, and we are not prepared to pan it or endorse it as it seems too soon.
Real estate developer Young Woo stands to make millions off his purchase of the AIG (NSYE:AIG) building (TheDeal)
The FDIC is questioning the results of a review of the Citigroup (NYSE:C) management team. (WSJ)
Chinese firm Sichuan Tengzhong could buy Hummer from GM as early as today (MarketWatch)
Vivendi will sell its 20% of NBCU, probably to GE (NYSE:GE) (The Street)
Sales of the Apple (NASDAQ:AAPL) iPhone and iPod are causing global flash memory shortages. (AppleInsider)
Charges against two former Bear Stearns executives could hurt JPMorgan’s (NYSE:JPM) bottom line (Fortune)
IRS workers may have had a role in questionable refunds. (Forbes)
The US may start an antitrust probe into the Live Nation (LYV) merger with TicketMaster (TKTM) (DealBook)
Douglas A. McIntyre
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
