Today’s Best Market Rumors (11/2/2009) (LVS)(PFE)(PLX)(BK)(ODFL)(PALM)(AAPL)

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

Updated 1.05 PM EST:  Las Vagas Sands (NYSE:LVS) will try to raise $2.5 billion though an IPO in Hong Kong  (AP)

Updated 11.12 AM EST: Pfizer (NYSE:PFE) is considering a joint venture with Protalix Biotherapeutics (AMAX:PLX) and may buy the Israeli company. (Reuters)

Updated 9.50 AM EST: The Fed will keep rates as they are  (CBNC)

A deal for Comcast (NASDAQ:CMCSA) to take control of NBCU from GE (NYSE:GE) is imminent, as usual.  (NYTimes)

Goldman Sachs (NYSE:GS) is considering buying Fannie Mae (NYSE:FNM) tax credits (WSJ)

Bank of NY Mellon’s (NYSE:BK) CEO turned down a chance to be considered for the Bank of America (NYSE:BAC) CEO job.  (WSJ)

Roger Nightingale, economist at Pointon York, says the world faces a 1930s type depression if government stimulus packages are pulled too soon  (CNBC)

A draft order to approve AT&T’s (NYSE:T) $2.8 billion acquisition of Centennial Communications Corp is circulating at the Federal Communications Commission. (The Deal)

Apple’s (NASDAQ:AAPL) top advertising strategist is not leaving his job.  (AppleInsider)

Sprint (NASDAQ:S) is starting to downplay the importance of the Palm (NASDAQ:PALM) Pre compared to other smartphones it is marketing.  (Barron’s)

Shares of Old Dominion (NASDAQ:ODFL) could move from $27 to $40 in a year  (BusinessWeek)

The market share of Apple’s Mac has not been hurt by the release of Microsoft’s (NASDAQ:MSFT) Windows 7.

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Douglas A. McIntyre

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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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