Today’s Best Market Rumors (10/9/2009)

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By Douglas A. McIntyre Updated Published
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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

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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