Welcome to Deal Stocks, a daily look at the ups and downs of public companies involved in deals. Here are the stocks we are focusing on Thursday: TiVo Inc. (NASDAQ:TIVO), Toyota Motor Corp. (NYSE:TM), Precision Castparts Corp. (NYSE:PCP), Citigroup Inc. (NYSE:C), Liberty Media Corp. (NASDAQ:LMDIA), E*Trade Financial Corp. (NYSE:ETFC), Sirius XM Radio Inc. (NASDAQ:SIRI) and American International Group Inc. (NYSE:AIG).
The Dow finished in the green for the eighth day in a row, up 37.11, or .39%, to 9,580.63 while the Nasdaq inched up 3.3, or .16%, to 2,027.73.
In M&A news:
- American International Group Inc. (NYSE:AIG) reportedly is moving in the fast-track, with the government approving its current CEO's pay. Additionally, AIG reportedly has mended its relations with its former CEO Hank Greenberg so much so that the Wall Street veteran could bring new capital into the insurer.
- Aerospace supplier Precision Castparts Corp. (NYSE:PCP) announced it would acquire Carlton Forge Works for $850 million.
- Hedge fund manager John Paulson has been buying shares of troubled banking giant Citigroup Inc. (NYSE:C) in recent weeks, the New York Post reported Thursday. Paulson now has a 2% stake in Citi.
In earnings news:
- TiVo Inc. (NASDAQ: TIVO) reported second-quarter earnings Wednesday night after close. Revenues fell 12% to $57.4 million from $65.2 million a year ago. Net loss in the quarter was $2.94 million, or 3 cents per diluted share, compared to net income of $2.92 million, or 3 cents per share, a year ago.
- Toyota Motor Corp.'s (NYSE:TM) bottom line should improve in the coming quarters as it generated 19.4% of new sales in the government's "Cash for Clunkers" program, topping all carmarkers.
In the credit markets:
- Liberty Media Corp. (NASDAQ:LMDIA) purchased $50 million of Sirius XM Radio Inc.'s (NASDAQ: SIRI) latest debt offering of senior secured notes, which are due in 2015.
- E*Trade Financial Corp. (NYSE:ETFC) was upgraded by S&P one notch to "CCC" from "CC" following the company's $1.74 billion debt exchange. The debt swap gave the company some extra breathing room after heavy losses within its mortgage
portfolio.
For more stocks to watch, check out The Deal's arbitrage chart in Pipeline (subscription required) or follow us on twitter @dealstocks. - Gerald Magpily
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VITAL SIGNS |
|
Figures are calculated
according to the latest stock data available at approximately 4:30 pm
ET |
|
August 27, 2009 |
|
Benchmark |
Spread |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
LIBOR 1-MONTH |
0.26 |
+0.001 |
0.27 |
0.29 |
2.47 |
|
LIBOR 3-MONTH |
0.36 |
-0.011 |
0.42 |
0.50 |
2.81 |
|
TED |
0.21 |
-0.006 |
0.24 |
0.30 |
1.07 |
|
Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
VIX |
24.72 |
-0.23 (-0.92%) |
25.09 |
24.28 |
|
|
T-bond |
Current Price/Yield |
Price/Yield change |
|
3-Year |
100-17.5 / 1.56 |
-0-01.5 / .016
|
|
5-Year |
99-15+ / 2.49 |
-0-03+ / .023 |
|
10-Year |
101-11 / 3.46 |
|
|
|
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