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Stocks to Watch: Apollo, Coca-Cola, General Motors, Hilton Hotels, Toyota


Today's top stories and some stocks with potential to move...


Stocks to watch for Thursday July 5, 2007:

  • Allied Healthcare International (AHCI) said Timothy Aitken is resigning as chairman and chief executive, effective immediately.
  • AMR Corp.'s (AMR) American Airlines said traffic in June fell 3.5% from a year ago, as capacity decreased 5.4%. Load factor, or the percentage of a plane filled with passengers, rose 1.7 percentage points to 87.1%. Separately, AMR's American Eagle Airlines said June traffic fell 2.4% as capacity fell 2.2%. The airline reported a June load factor of 80.3% versus 80.5% a year ago.
  • Apollo Group (APOL) said the Securities and Exchange Commission has notified the company that it has completed its investigation and does not plan to recommend any enforcement action.
  • Coca-Cola (KO) has reportedly approached several private equity funds involved in bidding for U.K.-based Cadbury Schweppes (CSG) U.S. drinks unit about purchasing Cadbury's Snapple ice tea brand, the reported, citing people familiar with the situation.
  • eBay (EBAY) on Friday launched a U.S. version of Kijiji, the online-classifieds site it launched overseas in February 2005, the reported. It marks the first foray into the area dominated by Craiglist Inc.
  • General Motors (GM) posted a 21.3% plunge in June U.S. light vehicle sales, placing the blame on a planned move away from rental car sales as well as a tough industry climate and aggressive promotions by rivals.
  • Hilton Hotels (HLT) agreed to be acquired by Blackstone Group (BX) after Tuesday's closing bell in a $26 billion deal that will add one of the largest U.S. hotel chains to the list of companies bought out by private-equity firms this year.
  • Meridian Gold (MDG) said Yamana Gold's (AUY) unsolicited acquisition proposal does not provide a basis to enter into merger talks.
  • LCC International (LCCI) said it is eliminating roughly 60 positions worldwide and consolidating certain facilities in the U.K. as part of its recent WFI acquisitions. The workforce reduction is expected to reduce expenses by roughly $5.2 million a year. The provider of wireless voice and data services said it expects to take $2.3 million charge, primarily in its second and third quarters, related to the actions.
  • Toyota Motor (TM) said sales at its U.S. unit increased 10.2% in June to 245,739 vehicles from 223,018 a year earlier, when there was one fewer selling day.
  • UAL Corp.'s (UAUA) United Airlines reported traffic in June fell 0.3% from last year as capacity decreased 1.2%. The airline said its June load factor, or the percentage of its planes filled with passengers, came in at 89.1% versus 88.3% a year ago.

Market Update

  • Asian trading closed with the Hang Seng +0.16%, Nikkei +0.29%, Sensex -0.12%, Taiwan +0.88% and Shanghai -5.25%.
  • A quick check towards Europe finds the CAC -0.26%, DAX -0.40%, FTSE -0.05%, ATX -0.02%, Swiss Mkt. -0.21% and Stockholm -0.31%.
  • Crude oil is trading higher +0.47 to 71.88 and gold is also up +2.5 to 657.9 this morning.
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