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Published October 30, 2009 at 4:49 PM
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 Welcome to Deal Stocks. In the news Friday are American International Group Inc. (NYSE:AIG), Comcast Corp. (NASDAQ:CMCSA), General Electric Co. (NYSE:GE), NBC Universal, Citigroup Inc. (NYSE:C), Bellsystem24, Permira, Bain Capital LLC, CVC Capital, Blackstone Group LP (NYSE:BX), CIT Group Inc. (NYSE:CIT) and Goldman Sachs Group Inc. (NYSE:GS). Stocks fell sharply Friday due to reports that showed consumer sentiment and spending were declining. The Dow closed down 249.85, or 2.51%, to 9,712.73 while the Nasdaq closed down 52.44, or 2.50%, to 2,045.11. For more hot stocks, check out the arbitrage charts in The Deal Pipeline (subscription required) or stocktwits.
- American International Group Inc. (NYSE:AIG) has decided not to sell two of its Japanese units -- AIG Edison Life Insurance and AIG Star Life insurance -- as CEO Robert Benmosche continues to rethink the company's restructuring.
- Comcast Corp. (NASDAQ:CMCSA) and General Electric Co. (NYSE:GE) are struggling to iron out critical issues that are holding up a joint venture deal for NBC Universal. A potential would give Comcast a 51% in NBC Universal for between $4 billion and $6 billion.
- Citigroup Inc.'s (NYSE:C) Japanese telemarketer Bellsystem24 has drawn final bids from Permira, Bain Capital LLC as well as a joint bid from CVC Capital and Blackstone Group LP (NYSE:BX) in an auction that could fetch more than $1 billion.
- CIT Group Inc. (NYSE:CIT) worked out a deal with Goldman Sachs Group Inc. (NYSE:GS) to amend a $3 billion loan facility, ending a dispute over a $1 billion "make whole" payment CIT would have owed Goldman if it files for bankruptcy. Still, analysts generally feel that CIT's restructuring efforts won't be enough to help the lender survive over a longer term. (The Deal Pipeline subscribers can read the full story here.)
- The CFO of the world's largest chipmaker Intel Corp. (NASDAQ:INTC) told Bloomberg that it will consider more acquisitions.
In economic news: - Consumer spending fell 0.5% in September, according to Bloomberg.
- Consumer confidence fell to 70.6 in October, according to a report by Reuters and the University of Michigan, which was reported by CNBC.
- George White, Maria Woehr and Gerald Magpily
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VITAL SIGNS |
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Figures are calculated
according to the latest stock data available at approximately 4:30 pm
ET |
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October 29, 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 |
0.24 |
0.25 |
2.85 |
|
LIBOR 3-MONTH |
0.28 |
-0.001 |
0.28 |
0.29 |
3.19 |
|
TED |
0.23 |
+0.004 |
0.22 |
0.17 |
3.62 |
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Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
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VIX |
30.93 |
+6.17 (+24.92%) |
22.27 |
25.61 |
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T-bond |
Current Price/Yield |
Price/Yield change |
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3-Year |
99-30 / 1.40 |
0-09.5 / -.103
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5-Year |
100-08+ / 2.32 |
0-18 / -.120 |
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10-Year |
101-30+ / 3.39 |
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