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Published September 15, 2009 at 4:20 PM
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 Welcome to Deal Stocks. In the news Tuesday are Johnson & Johnson (NYSE:JNJ), Elan plc (NYSE:ELN), Kraft Foods Inc. (NYSE:KFT ), Cadbury plc (NYSE:CBY), Citigroup Inc. (NYSE:C), ING Groep NV (NYSE:ING) and Bank of America Corp. (NYSE:BAC). Stocks closed higher on the unhappy one-year anniversary of Lehman Brothers Holdings Inc.'s bankruptcy. The market was affected by the government's report on retail sales, which increased by 2.7% in August, the most in three years, and Federal Reserve Chairman Ben Bernanke's announcement that the recession most likely has ended. For more stocks to watch, check out arbitrage.
- Kraft Foods Inc. (NYSE:KFT) said it won't need to sell assets to buy Cadbury plc (NYSE:CBY), refuting a New York Post report. A formal bid for Cadbury may be launched next week, the report added. (See Confectionary Dealwatch here.)
- Bad news for ING Groep NV (NYSE:ING), as the European Commission is extending its review of a state aid package for the bank due to concerns that the Dutch firm's $32.2 billion guarantee package was overly generous.
- There's more Merrill Lynch & Co. headaches in store for Bank of America Corp.'s (NYSE:BAC) Ken Lewis after U.S. District Court Judge Jed Rakoff rejected a proposed $33 million settlement of a SEC suit and set a Feb. 1 trial date in the case. The judge called the settlement "a contrivance designed to provide the SEC with the facade of enforcement and the management of the bank with a quick resolution of an embarrassing inquiry at the expense of the sole alleged victims, the shareholders." (The Deal Pipeline subscribers can read the full story here.)
- Although still suffering integration headaches from its merger with
Nextel, Sprint Nextel Corp. (NYSE:S) saw its stock jump on Monday with
rumors of Deutsche Telekom AG (NYSE:DT) mulling a bid for the troubled
wireless carrier.
- George White and Maria Woehr
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VITAL SIGNS |
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Figures are calculated
according to the latest stock data available at approximately 4:00 pm
ET |
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September 15, 2009 |
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Benchmark |
Spread |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
LIBOR 1-MONTH |
0.24 |
+0.001 |
0.25 |
0.27 |
2.50 |
|
LIBOR 3-MONTH |
0.29 |
-0.002 |
0.31 |
0.43 |
2.82 |
|
TED |
0.16 |
+0.009 |
0.17 |
0.25 |
1.44 |
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Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
VIX |
23.20 |
-0.66 (-2.77%) |
25.62 |
25.89 |
|
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T-bond |
Current Price/Yield |
Price/Yield change |
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3-Year |
99-20+ / 1.49 |
-0-01.5 / .016
|
|
5-Year |
99-29.5 / 2.39 |
-0-03.5 / .024 |
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10-Year |
101-15+ / 3.45 |
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