Thursday, July 23, 2009

Thursday Premarket

AlphaNinja - US markets are poised to open higher despite worse than expected unemployment claims. Offsetting that is positive earnings from Ebay (EBAY) and renewed dealmaking - Bristol-Myers Squibb (BMY) is buying Medarex Inc.(MEDX) for about $2.1 billion in cash, a 90% premium to yesrterday's closing price. Amazon (AMZN) will buy online shoeseller zappos.com for $850million.

Despite the popularity of Amazon's Kindle, e-books give readers less legal rights to share them than a traditional paperback.

NYTimes on some of the more unpleasant practices in the cellphone industry.

Delphi's pension bailout will cost $6.2billion, the 2nd largest largest pension rescue ever.

HUGE ambitions for AOL's "next phase."

Loving life without AC?

The administration suggests some sort of murky "fees" on "far-out transactions."

"So if you guys want to do them, then you got to put something into the kitty to make sure that if you screw up, it's not taxpayer dollars that have to pay for it," Mr. Obama said in response to a question at a press conference. "It's dollars coming out of your profits." -->> And all along I thought "dollars coming out of your profits" were "taxes."

Porsche CEO Wendelin Wiedeking steps down, as the company will soon be taken over by VW.

While Goldman's increased risk lead to massive trading profits, Morgan Stanley's caution killed them.


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