Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Spotlight Stocks: Anheuser-Busch, GE, GM, Merrill Lynch


Monday's top stories and stocks with potential to move.


Stocks to watch for Monday, July 7, 2008:

  • Anhueser-Busch's (BUD) entire board is in jeopardy as InBev has said it hopes to remove it after the company's $46 billion bid was denied. InBev plans to file a preliminary consent solicitation with the U.S. Securities and Exchange Commission Monday, asking Anheuser's board to consult shareholders over the firing of 13 current board members, reported the Associated Press.
  • General Electric's (GE) NBC Universal said it had agreed upon a $3.5 billion cash deal to buy The Weather Channel from its owner Landmark Communications. Blackstone (BX) and Bain Capital have partnered with GE on this deal. The deal also includes several related assets such as weather services for newspapers and radio stations and the widely used Web site
  • General Motors (GM) continues to struggle as it plans thousands more white collar job cuts and the sale -- or closing -- of more of its brands, in order to meet its forecast of returning to profitability by 2010, reported The Wall Street Journal. The job cuts will likely be approved in August, at which time management may also present the board with plans for raising additional cash.
  • Merrill Lynch (MER), in striving to raise cash to make up for $6 billion in upcoming write-downs, is moving closer to selling its stakes in Blackrock (BLK) and Bloomberg, reported the WSJ. Its 20% Bloomberg stake could be worth about $5 billion while its 49% stake in BLK could fetch more than $12 billion.

Market Recap

  • Asian trading closed with the Hang Seng +2.28%, Nikkei +0.92%, Sensex +0.54%, Taiwan +1.56% and Shanghai +4.59%.
  • A glance towards Europe finds the CAC +0.52%, DAX +0.69%, FTSE +0.52%, ATX +0.64%, Swiss Mkt. -0.31% and Stockholm +0.14%.
  • Commodities are down as crude oil trades -2.54 to 142.75 and gold -12.8 to 922.7 this morning.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos