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Stocks to Watch: General Motors, McDonald's, Motorola


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


Stocks to watch for Monday, January 7, 2008:

  • Delta Airlines (DAL) reported an increase of 3% for December traffic to 9.72 bln revenue passenger miles vs. 9.44 bln a year ago. Capacity increased 3.1% to 12.5 billion available seat miles from 12.1 billion. The company's load factor dipped to 77.7% from 77.8% a year earlier.
  • General Motors (GM) CEO Rick Wagoner, at tomorrow's keynote address at the Consumer Electronics Show in Las Vegas, plans to announce the company's ambitions to spend millions of dollars to build a car that drives itself.
  • Las Vegas Sands (LVS) has raised over $3.7 bln in loans to build a new casino/hotel in Singapore, the Marina Bay Sands. The company plans 2,500 hotel rooms, 1.2 million square feet of flexible meeting, convention and exhibition space; one million square feet of retail space; and three large entertainment venues at the new Asian resort.
  • McDonald's (MCD) states that starting this year it will open coffee bars serving products similar to those of Starbucks (SBUX) at all of its U.S. locations. The initiative is expected to bring in an additional $1 bln in sales annually.
  • Microsoft (MSFT) has agreed with companies such as General Electric's (GE) NBC Universal, Disney (DIS) and CBS Corp. (CBS) to distribute their content on its Xbox Live and MSN Online services.
  • Motorola (MOT) laid off 1,600 employees during the 4Q and said it will take an approximately $90 mln pre-tax charge as a result. Prior to this round of layoffs, the company had fired about 5,100 workers during the first three quarters.
  • PHH Corp. (PHH) received $50 mln from Blackstone Group's (BX) Blackstone Capital Partners unit as a result of a reverse termination fee. This is due to the cancellation of the agreement between PHH and General Electric Capital Corp.

Market Update

  • Asian trading closed with the Hang Seng -1.24%, Nikkei -1.30%, Sensex +0.61%, Taiwan -4.11% and Shanghai +0.59%.
  • A glance towards Europe finds the CAC+0.47%, DAX +0.34%, FTSE +0.27%, ATX -0.60%, Swiss Mkt. +0.77% and Stockholm -0.15%.
  • Crude oil is trading down -0.34 to 97.57 and gold is also lower -3.1 to 862.60.
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