Air France KLM SA (AKH/ADR) shares traded up roughly 7% Thursday after beating earnings from price hikes and fuel hedging.
After United Rentals(URI)said it was suing Cerberus on the broken merger, Cerberus is taking its own defensive actions to cap the damages to $100 million.
The O.E.C.D. puts total U.S. write-offs and write-downs at roughly $300 Billion from major U.S. banks, while so far only $50 Billion has been estimated out of major banks as to what may be written down.....Source, New York Times.
UAL Corp(UAUA) may be closer to a merger than they led on... source, Business Week. Business Week also wonders if Google (GOOG) is winded
Bond insurer CIFG is being acquired for some $1.5 Billion by Groupe Banque Populaire and Groupe Caisse d’Epargne to take ownership from Natixis..... New York Times ran a story.
ArcelorMittal(MT) confirmed media reports that it is in talks with controlling holders in China Oriental Group Limited on increasing its stake from 28%.
CNET and TechCrunch reported that News Corp.(NWS) may acquire social networking site LinkedIn in early 2008.
Amazon.com's (AMZN) Kindle e-book reader priced at $399.00 is actually sold out already, with a new December 5, 2007 'in-stock' date.
Financial Times reported that Goldman Sachs(GS) is trying to raise $4 to $6 Billion for a new stock picking hedge fund... not quant, not computerized... old fashioned stock picking.
Corning(GLW) may be one to watch as SAMSUNG is reportedly investing $2.2 Billion to increase its LCD production.
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