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Published July 16, 2009 at 5:06 PM
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Welcome to Deal Stocks, where we focus on a handful of select public companies involved in activity across the deal spectrum -- including M&A, private equity, IPOs, bankruptcies and corporate restructurings. Additionally, we've included a number of indicators --
LIBOR, TED, VISX and T-bond rates -- as part of our dashboard that
influence lending between companies. These are the transactions that define The Deal and are likely contributors to a stock's gains or losses. Join in the conversation on Twitter @dealstocks.The markets finished in the green with the Dow closing up 95.61, or 1.11%, to 8,711.82 while the Nasdaq advanced 22.13, or 1.19%, to 1,885.03. CIT Group Inc.'s (NYSE:CIT) future was under the microscope with speculation of a bankruptcy filing. Meanwhile, earnings season was in full swing with results from J.P. Morgan Chase & Co. (NYSE:JPM), Nokia Corp. (NYSE:NOK) and Google Inc. (NASDAQ: GOOG).
- CIT may have to file for bankruptcy now that talks with the U.S. government have failed.
- Google earned $5.36 a share in its second quarter on sales of $4.07 billion, excluding traffic-acquisition costs. The company surpassed expectations of $5.09 per share on sales of $4.06 billion, according to a consensus from Thomson Reuters.
- J.P. Morgan reported second-quarter earnings of $2.7 billion.
- Harley Davidson (NYSE:HOG) reported that earnings closed down 16 cents, .84%, to $18.80 as it said in an SEC filing that its evaluating its options on its Harley Davidson Financial Services Inc., which means it could put the unit up for sale. Harley also said it was laying off 1,000 workers.
- Nokia released earnings, posting a 66% decline in profit.
- Did Former Treasury Secretary Hank Paulson push Bank of America Corp.'s (NYSE:BAC) Ken Lewis to buy Merrill Lynch? He testified in front of
the House Committee on Oversight and Government Reform Thursday.
- General Electric Co. (NYSE:GE) is slated to announce its second-quarter earnings on Friday. If CIT files for bankruptcy, it's sure to undermine market confidence
in GE Capital, which is in many of the same businesses as CIT.
- Constellation Energy Group Inc. (NYSE:CEG) has been working to
streamline its business after a buyout battle involving Warren
Buffett's MidAmerican Energy Holdings Co. In its latest strategic move, the company is selling its 50% stake
in Bulk Energy Transport Ltd., a two-year-old shipping joint venture it
operates with Seanergy Maritime Holding Corp. (NASDAQ:SHIP).
- RPX Corp., the
defensive patent aggregation service launched in San Francisco last
November, has signed up another couple of blue-chip members: Hewlett
Packard Co. (NYSE:HPQ) and Nokia Corp. (NYSE:NOK).
- DayStar Technologies Inc. (NASDAQ:DSTI) is pursuing a new "strategic
partnership strategy" to help it survive the difficult economy.
- The Labor Department announced that unemployment claims fell 47,000 to a lower-than-expected seasonally adjusted 522,000.
- The latest layoff announcements come from Lloyds Banking Group plc and Beverly National Bank.
- The U.S. commercial paper market is shrinking at a record pace. Since
April, the market for company debt fell 26% to $1.1 trillion, according
to Bloomberg.
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VITAL
SIGNS
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Figures
are calculated according to the latest stock data available at approximately
2:00 pm ET |
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July
16, 2009 |
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Benchmark
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Spread
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Change from previous day
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1 week ago
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1 month ago
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1 year ago
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LIBOR
1-MONTH |
0.29
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+0.001
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0.30
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0.32
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2.46
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LIBOR
3-MONTH |
0.51
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-0.003
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0.54
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0.61
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2.79
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TED |
0.33
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+0.006
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0.34
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0.45
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0.98
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Exchange
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Average
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Change from previous day
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1 week ago
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1 month ago
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1 year ago
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VIX |
24.91
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-0.98 (+3.75%)
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31.30
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30.81
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T-bond
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Current
Price/Yield
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Price/Yield change
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3-Year |
100-00 / 1.50
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0-08+
/- .091
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5-Year |
101-00.5 / 2.41
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0-15
/- .101
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10-Year |
96-20.5 / 3.53
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