Coldplay may have answered EMI's rumored hopes
Elizabeth Taylor and Kathy Ireland walk away from jewelry company
More controls not the answer for China
KKR still has IPO envy?
Liquidnet looks for IPO liquidity
Energy Recovery: a cleantech deal hits the IPO market
Booze a defensive play in a bear market
Dollar rises vs euro after ECB's Trichet signals one rate hike may be enough
Who will make the next generation of thinner TVs: Samsung, Sony, Panasonic or Toshiba?_thumbnail.gif){kind=logo}
Analyst downgrades: NVDA, AFLYY and UNH
Sprint Nextel finally in the midst of a turnaround?
U.S. weekly jobless claims pass 400k, signaling further economic slowing
Blockbuster could come back for Circuit City?
Yahoo! (YHOO) looks for another partner
Before the bell: AMR, GOOG, AAPL
Lehman issuing stock to employees smells of desperation
- DJIA 12,879.24 (+133.36; +1.05%)
- S&P 500 1,403.50 (+15.22; +1.10%)
- NASDAQ 2,487.86 (+42.34; +1.73%)
- 10YR-TBond 3.775% (+0.008%)
- 52 WEEK LOWS
- ANALYST CALLS
Clear Channel Communications, Inc. (NYSE: CCU) jumped today after the possibility that a settlement between the private equity buyers and six financing banks may go through to allow the buyout by Bain Capital and THL Partners. The terms are supposedly reduced from $39.50 per share to $36.00 per share. Trials between the banks and the buyers were supposed to begin today. Shares were up nearly 10% at $32.89 in the final minutes of the day.
Cumulus Media Inc. (NASADAQ: CMLS) shares plunged after terms for a buyout by Merrill Lynch Private Equity Group and the company could not be agreed upon for the $1.3 billion valued transaction. Shares were down almost 24% at $4.42 in the final minutes today on the news.
ImClone Systems Incorporated (NASDAQ: IMCL) dipped today after suffering a downgrade by Morgan Stanley. Shares were down over 6% at $41.87 in the final minutes today on the news.
Research In Motion Ltd. (NASDAQ: RIMM) rose today after announcing changes to its BlackBerry, making it more competitive with Apple Inc. (NASDAQ: AAPL)'s iPhone. Shares were up over 7% at $142.45 in the last minutes of the day.
XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) reported a wider loss today compared to a year ago. It posted a loss of $129.3 million or $0.42 EPS and on reports of subscriber growth. Shares rose 4% to $12.30 in late day trading.
