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Stocks To Watch: Apple, AT&T, Ford, Goldman Sachs, Marsh & McLennan


Finish Strong!


Stocks to watch for Friday, December 29

  • Apple (AAPL) said in an SEC filing that Jobs was aware or recommended the selection of some favorable stock-option grant dates, but didn't personally benefit from it. The company is restating financial statements from 2004-2006.
  • AT&T (T) made numerous concessions, including price caps on high-volume data lines, in an effort to win FCC approval of its $85 billion merger with BellSouth by year end.
  • Ford (F) is hoping an effort with Microsoft to bring Bluetooth wireless and an in-vehicle operating system into its cars will spruce up its U.S. product portfolio.
  • Goldman Sachs (GS) closed its first infrastructure-investment fund with more than $6.5 billion in committed capital. Investments could include toll roads and utilities.
  • Ipsco (IPS) cut its fourth-quarter earnings outlook to a range of $3 to $3.10 a share, excluding certain items. The Lisle, Ill.-based maker of steel products had previously forecast earnings in a range of $3.30 to $3.50 a share. The company said it has experienced a larger-than-expected decline in demand for plate and tube shipments in the fourth quarter.
  • Marsh & McLennan (MMC) agreed to sell Putnam for $3.9 billion to Power Corp. of Canada as part of CEO Cherkasky's effort to retool after a share-trading scandal.
  • Sprint (S) is close to choosing Nokia as its third network-equipment provider for its planned nationwide WiMax wireless system.
  • Standard Motor (SMP) said it has sold a majority portion of its European Temperature Control unit to a current manager of the business. The proceeds from the sale are $3.1 million, and the company will incur a loss on the divestiture of $3 million to $4 million in the fourth quarter.
  • Ternium (TX) said it has acquired CVRD International S.A.'s 4.85% stake in Siderar S.A. for $107.5 million. Luxembourg-based Ternium said it paid a discounted price of $6.376 a share for CVRD's stake, increasing its ownership in Siderar to 60.93%. CVRD International is a unit of Companhia Vale do Rio Doce (RIO).

Market Summary

  • Asian trading closed with the Hang Seng -0.19%, Nikkei +0.01%, Sensex -0.43%, Shanghai +4.20% and Taiwan +1.17%.
  • A quick look across the pond finds the CAC +0.21%, DAX +0.01%, FTSE -0.49%, Swiss Mkt. -0.39% and Stockholm -0.06%.
  • Crude oil is trading -0.14 to 60.39 while gold is +0.5 to 637.4 this morning.
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No positions in stocks mentioned.

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