7 Stocks You Need to Know for Friday
Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) received a $46.3 billion unsolicited bid from Belgian brewer InBev on Thursday. The deal as proposed would be the largest cash takeover ever.
Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating) announced the replacement of both its CFO and President on Thursday, as the company's stock fell another 4%.
Palm (PALM | Quote | Chart | News | PowerRating) rallied more than 10% on news that Verizon Wireless would sell Palm's latest smartphone, Centro.
Microsoft (MSFT | Quote | Chart | News | PowerRating) announced a willingness to complete an "alternative transaction" with Yahoo! (YHOO | Quote | Chart | News | PowerRating) instead of returning to its original bid for the Internet company.
Strong retail sales due to tax rebates and the increased cost of food and fuel helped boost retailers such as Wal-Mart (WMT | Quote | Chart | News | PowerRating) early in Thursday's trading, though retailers in general finished off their highs.
Dell (DELL | Quote | Chart | News | PowerRating) is among a number of companies losing money on its share buyback program. In spite of spending $4 billion on its own stock, DELL is down 11% over the past year.
posted by Gordengekko at 10:22 PM
1 Comments:
I put lehman on my radar but I wasnt sure how to trade it,it had gone down the last 3 days so I didn't see upside to shorting it but buying it was also risky
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