Investing

Today's Best Market Rumors (10/13/2009) (STIC)(LVLT)(LVS)(ENER)(GE)(SNI)

Updated throughout the day.

Updated 3.14 PM EST:  STIC (NASDAQ:STIC) dropping on rumors that Sun (NASDAQ:JAVA) database applications may hurt STIC sales  (Barron’s)

Updated 3.11 PM EST:  Level 3 (NASDAQ:LVLT) is surging on heavy volume on buy-out rumors.  (various)

Updated 12:30 PM EST: ITT options trading is active on trader talk of takeover rumors. Shares are up 3% at $53.02.

Updated  10.40 AM EST  “Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week.”  (Reuters)

Update  8.15 AM EST  Scripps Interactive (NYSE:SNI) may be a buy-out target (PaidContent)

The four biggest US banks by assets may have to take on $55 billion of mortgage-collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.  (NYPost) Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Wells Fargo  (NYSE:WFC), and Citigroup (NYSE:C).

CIT (NYSE:CIT) may be closer to a bankruptcy  (Reuters)

Energy Conversion Devices (NASDAQ:ENER) may be a buy-out target with Applied Materials (NASDAQ:AMAT) as the possible bidder.

Users of Apples (NASDAQ:AAPL) Snow Leopard software have been losing personal data.  (CNET)

GE (NYSE:GE) may eventually get rid of its entire stake in NBC Universal and Comcast (NASDAQ:CMCSA) may have to spend billions of dollars to effect that.  (AP)

Macau may curb growth of the gambling industry which would hurt prospects for Las Vegas Sands (NYSE:LVS) and Wynn (NASDAQ:WYNN)  (Reuters)

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Douglas A. McIntyre

 

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