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Published November 6, 2009 at 4:40 PM
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 Welcome to Deal Stocks. In the new Friday are Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), American International Group Inc. (NYSE:AIG), AT&T Inc. (NYSE:T), Centennial Communications Corp. (NASDAQ:CYCL), Blackstone Group LP (NYSE:BX), Travelport Ltd., Orbitz Worldwide Inc. (NYSE:OWW), Escada AG, Hyatt Hotels Corp. (NYSE:H), Goldman, Sachs & Co. (NYSE:GS), Madrone Capital Partners, Ancestry.com Inc. (NASDAQ:ACOM), Spectrum Equity Investors LP and Fannie Mae (NYSE:FNM).
Stocks were up but wobbly after higher-than-expected unemployment reports. The Dow finished up 17.46, or .17%, to 10,023.42, while the Nasdaq closed up 7.12, or .34%, to 2,112.34.
For more hot stocks, check out the arbitrage charts in The Deal Pipeline (subscription required) or stocktwits. See the latest on the rally at Overheard on Stocktwits.
- AES Corp. (NYSE: AES) sold a 15% stake, for $1.58 billion, to Chinese sovereign wealth fund China Investment Corp.
- Citigroup Inc. (NYSE:C) plans to relaunch its hedge fund unit after nearly two years of poor performance, internal strife and investor unrest, according to the Financial Times. The unit has $14 billion under management and also includes private equity operations -- from Citi Alternative Investments to Citi Capital Advisors.
- Brian Moynihan, head of Bank of America Corp.'s (NYSE:BAC) consumer banking unit and a contender to succeed CEO Ken Lewis, will testify before Congress about his role in the Merrill Lynch & Co. acquisition. He will be joined by Timothy Mayopoulos, who Moynihan replaced as general counsel in December as the Merrill deal nearly collapsed.
- The Federal Communications Commission late on Thursday approved AT&T Inc.'s (NYSE:T) $2.8 billion acquisition of Centennial Communications Corp. (NASDAQ:CYCL) subject to several divestitures already ordered by the Department of Justice last month. (The Deal Pipeline subscribers can read the full story here.)
- Blackstone Group LP (NYSE:BX)-controlled Travelport Ltd. is investing an additional $50 million in online travel services company Orbitz Worldwide Inc. (NYSE:OWW). Travelport is buying 9.02 million new Orbitz common stock priced at $5.54 apiece. (The Deal Pipeline subscribers can read the full story here.)
- The Escada AG creditors' committee approved a sale of the company to the Mittal Family Trusts for an undisclosed sum. Megha Mittal, a former Goldman, Sachs & Co. (NYSE:GS) employee enamored with the fashion industry, is reported to have been the driving force behind the family's bid and will become the new Escada head. (The Deal Pipeline subscribers can read the full story here.)
- Shares of private equity-backed Hyatt Hotels Corp. (NYSE:H) rose in their IPO debut, but the offering still leaves the company's PE backer's -- Goldman, Sachs & Co. (NYSE:GS) and Madrone Capital Partners -- investment under water.
- Shares of Ancestry.com Inc. (NASDAQ:ACOM) likewise closed higher in their debut, giving buyout shop Spectrum Equity Investors LP a tidy profit.
- Fannie Mae (NYSE:FNM), the mortgage buyer seized by regulators, plans to ask for another $15 billion in bailout money for the fourth time this year, bringing its draws of taxpayer money to $60 billion after the company reported a $18.9 billion loss.
- Putting to rest what some thought was a weak attempt at a hostile bid, CF Industries Holdings Inc. (NYSE:CF) rejected the best and final offer of Canadian fertilizer rival Agrium Inc. (NYSE:AGU).
In economic news:
- The Labor Department said employers cut 190,000 jobs in October and the unemployment rate is now 10.2%, according to 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 5:00 pm
ET |
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November 6, 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 |
+0.000 |
0.24 |
0.24 |
1.77 |
|
LIBOR 3-MONTH |
0.27 |
-0.001 |
0.28 |
0.28 |
2.39 |
|
TED |
0.22 |
-0.012 |
0.23 |
0.19 |
3.27 |
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Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
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VIX |
24.19 |
-1.24 (-4.88%) |
30.69 |
25.70 |
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T-bond |
Current Price/Yield |
Price/Yield change |
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3-Year |
100-00.5 / 1.37 |
0-02+ / -.027
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5-Year |
100-10+ / 2.30 |
0-04+ / -.030 |
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10-Year |
100-30 / 3.51 |
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