As always, here are this morning's top headline summaries from Reuters, WSJ, NY Times, FT, Bloomberg. This morning's top day trader and active trader alerts are in AIG, GES, HGSI, NLST, SEED, and FEED. Tuesday's top analyst upgrades, downgrades, and initiations are in ADBE, BBT, BA, CLWR, FITB, ITRI, NFLX, NVAX, TTM, WBSN. Our top stock and market rumors piece is out and this of course is updated throughout the trading day.
We have many special purpose acquisition companies or SPACs with updates today from SPACUpdate.com... Dead Deals, New Deals and Deal Votes (URX, KWIC, CFQCF, TGY, NSAQ, GSMEF)
The nasty truth is being confirmed about the great healthcare reform, ergo insurance reform. This $800+ billion health insurance reform is not going to save any money for anyone. This comes from the Congressional Budget Office, so it isn't exactly being conducted by an anti-administration body.
Late yesterday we covered the rate of stock buybacks in November by outlining the major buyback announcements and updates. It is almost shocking, there are billions and billions of dollars in new buybacks from major companies and many of these are not the symbolic buybacks where a buyback never takes place.
Human Genome Sciences (HGSI) announced a secondary offering last night. We have several reasons for thinking about this in this light, but over at BioHealthInvestor.com we noted why this basically eliminates hopes and rumors of HGSI being a potential biotech buyout candidate.
Charter Communications (CHTRQ) has exited bankruptcy. Old common holders get zero, Paul Allen gets to stay the largest investor with the largest influence in votes, and the company still looks leveraged to its eyeballs.
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