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, Bank of America, Bear Stearns, Microsoft


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


Stocks to watch for Wednesday, May 28, 2008:

  • Anheuser-Bush (BUD) employees and distributors may be holding back the takeover by Belgium's InBev. Though investors would welcome a deal, the Teamsters union could call upon political allies including Presidential candidate Barrack Obama to help derail the bid. The union represents 7,500 BUD employees.
  • Bank of America (BAC) will increase its stake in China Construction Bank Corp. by investing an additional $1.86 billion. BAC now controls a 10.75% stake, up from 8.2%. The company says it's part of building a long term relationship with the Chinese bank, which is the second largest on the mainland.
  • Bear Stearns (BSC) will release documents to the SEC which will show major financial companies, including Goldman Sachs (GS) cut exposure to the firm in the weeks before its collapse, reported The Wall Street Journal. The SEC plans to use the data to detect any trading activity was improperly coordinated, constituted manipulation or otherwise contributed to Bear's collapse.
  • JetBlue Airways (JBLU), in an effort to be financially conservative, will defer the purchase of 21 Airbus A320 jets by up to five years, reported Marketwatch. JetBlue said delivery would be moved back to 2014 through 2015 from 2009-2011, citing rising fuel costs.
  • Microsoft (MSFT) introduced its future operating system which will be made for touch-screen monitors. The Windows 7 OS is scheduled to be released in late 2009. Microsoft Chairman Bill Gates framed the new feature as an evolution away from the mouse, said the Associated Press.

Market Recap

  • Asian trading closed with the Hang Seng -0.13%, Nikkei -1.32%, Sensex +1.53%, Taiwan -1.28% and Shanghai +2.48%.
  • A glance across the pond finds the CAC +1.49%, DAX +1.08%, FTSE +0.36%, ATX +0.65%, Swiss Mkt. +0.47% and Stockholm +0.63%.
  • Commodities are hurting with crude oil down -1.94 to 126.91 and gold dropping -16.4 to 891.5 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