These ETFs have significant exposure to both companies, which are losing ground today on a jeopardized merger.
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Archive for December 30th, 2008
Rohm & Haas, Dow Chemical Funds to Avoid (TheStreet.com)
Tuesday, December 30th, 2008Merrill Sues Reliant Over Canceled $300M Facility (TheStreet.com)
Tuesday, December 30th, 2008The bank is suing the energy provider over their termination of a $300 million credit agreement.
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To Cut Pipeline Costs, Magellan Joins Forces With Explorer (TheStreet.com)
Tuesday, December 30th, 2008Here’s how Magellan Midstream Partners plans to save about $120 million.
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$99 iPhone at Wal-Mart? Hogwash on Aisle 7 (TheStreet.com)
Tuesday, December 30th, 2008Rumors were running rampant that the iPhone was going to sell at Wal-Mart for less. They couldn’t be more wrong.
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H-P Sells Printers in Iran With Third Party: Report (TheStreet.com)
Tuesday, December 30th, 2008The report by the Boston Globe says the company may be breaking U.S. trade sanctions.
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TSC Ratings’ Updates: Research In Motion (TheStreet.com)
Tuesday, December 30th, 2008RIMM and five other stocks were downgraded, while two were upgraded.
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NY Times Shares Fall on Lack of Interest in Globe, Sox (TheStreet.com)
Tuesday, December 30th, 2008Two potential bidders denied interest in the Times properties, raising questions about a sale.
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Kerkorian Unloads Ford Shares (TheStreet.com)
Tuesday, December 30th, 2008The billionaire investor’s Tracinda Corp. has sold its 4.9% position in the automaker.
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Linn Energy, LDK May Be Good Options (TheStreet.com)
Tuesday, December 30th, 2008LINE is seeing heavy options activity and implied volatility is falling for LDK.
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Dow Chemical, Rohm & Haas Hit Hard (TheStreet.com)
Tuesday, December 30th, 2008Shares of both companies drop after Kuwait’s government calls off a $17.4 billion joint venture with Dow.
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