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Published November 12, 2009 at 5:34 PM
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 Welcome to Deal Stocks. In the news Thursday are Hewlett-Packard Co. (NYSE:HPQ), 3Com Corp. (NASDAQ:COMS), Dow Chemical Co. (NYSE:DOW), Motorola Inc. (NYSE:MOT), AkzoNobel NV, British Airways plc, Iberia Líneas Aéreas de España SA, Bain Capital, Bellsystem24, Walt Disney Co. (NYSE:DIS), Wal-Mart Stores Inc. (NYSE:WMT), News Corp. (NASDAQ:NWSA), United Technologies Corp. (NYSE:UTX), General Electric Co. (NYSE:GE) and Time Warner Inc. (NYSE:TWX). Stocks fell Thursday on a dreary outlook for Wal-Mart Stores Inc.'s holiday sales even though the government reported a decline in jobless claims, according to CNBC. The Dow closed down 93.79, or .91%, to 10,197.47 while the Nasdaq finished down 17.88, or .83%, to 2,149.02. 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.
- United Technologies Corp. (NYSE:UTX) is buying GE Security Inc., the security business of General Electric Co. (NYSE:GE), for $1.82 billion. (The Deal Pipeline subscribers can read the full story here.)
- Hewlett-Packard Co. (NYSE:HPQ) is acquiring 3Com Corp. (NASDAQ:COMS), a provider of Ethernet switching, for $7.90 per share in cash or about $2.7 billion. (The Deal Pipeline subscribers can read the full story here.) But there are still some other data center M&A candidates out there.
- Dow Chemical Co. (NYSE:DOW) has arranged another regulator-mandated disposal with a deal to sell its powder coatings business to AkzoNobel NV of the Netherlands. Dow inherited the assets with its purchase in April of Rohm and Haas Co. for $16.3 billion and had to divest them as a condition of Federal Trade Commission approval for the deal. (The Deal Pipeline subscribers can read the full story here.)
- Bain Capital LLC has made a bid of more than $1 billion for Japanese telemarketer Bellsystem24 in a deal it hopes to wrap up by the weekend, The Wall Street Journal reported.
- Motorola Inc. (NYSE:MOT) is in the early stages of selling its television set-top box and network equipment business, valued at roughly $4.5 billion, sources told Reuters.
- The boards of British Airways plc and Spain's Iberia Líneas Aéreas de España SA are holding separate board meetings to consider a merger to create the world's third-largest airline by revenue. (The Deal Pipeline subscribers can read the full story here.)
- The Walt Disney Co. (NYSE:DIS) will announce quarterly earnings after the bell. Analyst estimate the media giant will report a profit of 40 cents per share on revenue of $9.27 billion for the quarter.
- Wal-Mart Stores Inc. (NYSE:WMT), the world's largest retailer, reported a profit of $3.24 billion, or 84 cents a share, topping analyst estimates of 81 cents per share.
- News Corp. (NASDAQ:NWSA) may join the digital e-reader storefront that Time Warner Inc.'s (NYSE:TWX) Time Inc. and other magazine publishers are putting together, according to All Things Digital.
- Chipmakers Intel Corp. (NASDAQ:INTC) and Advanced Micro Devices Inc. (NYSE:AMD) have
settled all outstanding legal disputes, including antitrust litigation
and patent licensing issues, and they have signed a five-year cross-license deal, Reuters reports.
- Abbott Laboratories (NYSE:ABT) has agreed to acquire the global rights to an antibody to nerve growth factor from PanGenetics BV,
a Dutch antibody developer. The deal includes a $170 million up-front
payment and up to $20 million in additional earnouts, according to peHUB.
In economic news: - The Labor Department reported that initial unemployment claims declined from 12,000 to 502,000 in
the week ended Nov. 7, according to Bloomberg.
- The Treasury Department will auction 30-year Treasury bonds Thursday, according to CNBC.
- Mortgage rates dropped last week, and the 30-year fixed fell to 4.91%. Home foreclosures slowed for the third straight month, but according to foreclosure database RealtyTrac, rising unemployment could turn that around, CNBC reports.
- Sara Behunek and George White
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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 |
|
November 11, 2009 |
|
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 |
1.41 |
|
LIBOR 3-MONTH |
0.27 |
-0.002 |
0.28 |
0.28 |
2.13 |
|
TED |
0.21 |
+0.001 |
0.23 |
0.21 |
2.97 |
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Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
VIX |
24.38 |
+1.34 (+5.82%) |
25.43 |
23.01 |
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T-bond |
Current Price/Yield |
Price/Yield change |
|
3-Year |
100-01+ / 1.35 |
0-03 / -.032
|
|
5-Year |
100-17+ / 2.25 |
0-05 / -.033 |
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10-Year |
99-14+ / 3.44 |
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