Today's Best Market Rumors (10/30/2009) (C)(CSCO)(SAPE)(DOX)(CTSH)

Investing

Published: October 30, 2009 9:02 am

Last Updated: March 10, 2020 7:02 pm

Updated throughout the day.

Updated 3.23 PM EST: Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write down the quarter. Citi denies it (CNBC)

Updated 10.24 AM EST: Cisco (NSADAQ:CSCO) may drop its bid for Tandberg (Barron’s)

Venezuela may have gold reserves with a total value over $13 billion. (CNBC)

JP Morgan (NYSE:JPM) may have had concerns about Galleon as early as 2001 (Financial Times)

Likely near-term tech acquisition targets include Sapient (NASDAQ:SAPE), Computer Sciences (NYSE:CSC), WNS (NYSE:WNS), Amdocs (NYSE:DOX), Cognizant Technology (NASDAQ:CTSH) and ExlService (NASDAQ:EXLS) (Reuters)

Time Warner (NYSE:TWX) may spin-off AOL in December (TheStreet.com)

CIT (NYSE:CIT) is likely to file for bankruptcy in the next few days. (Reuters)

Cargill is the largest private company in the US followed closely by Koch Industries (Forbes)

Douglas A. McIntyre

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