2010
23rd
June12:35pm
23rd
June12:35pm
BP plc (ADR) (NYSE:BP) surged 0.91% to $29.95 on 36.10 million shares. Credit default swaps are used by a company like BP (NYSE:BP) to protect against the possibility of defaulting on bonds, and the costs to protect that debt has risen again, this time by 61 basis points, to 539.3 basis points for the oil giant.
Chimera Investment Corporation (NYSE:CIM) dropped 3.40% to $3.69 on 61 million shares after the mortgage-debt investor run by Annaly Capital Management Inc. said it intends to make a public offering of as much as 100 million shares of its common stock.
PPL Corporation (NYSE:PPL) is up 2.25% to $24.78 on 55.85 million shares after it was upgraded to a Buy from Hold at Soleil ahead of the company pricing its common stock offering.
Microsoft Corporation (NASDAQ:MSFT) decreases 1.45% to $25.40 on 27 million shares. Microsoft Corporation is engaged in developing, manufacturing, licensing, and supporting a range of software products and services for different types of computing devices.
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