4/6/2010-Peabody Energy (NYSE:BTU), the largest US coal company, boosted its offer for Macarthur Coal Ltd., as it battles Noble Group for Australian coal assets to supply China’s rapidly growing economy. Peabody’s CEO Gregory Boyce today raised its bid to A$14 per share after Macarthur rejected last week’s A$13 offer as undervaluing the company’s stock. The all-cash offer values the company at $3.27 billion USD.
4/1/2010-Reuters reported Thursday that General Growth Properties (NYSE:GGP) has filed a plan to exit bankruptcy independently and has laid out bidding procedures. The second-largest US mall owner set a two-round bidding process, with the first-round bids due as soon as April 19. The exit plan calls for Brookfield Asset Management (NYSE:BAM), Fairholme Capital Management and William Ackman’s Pershing Square Capital to invest $6.55 billion to bankroll General Growth’s exit. The bankrollers will get a majority interest between them in a reorganized entity and warrants to buy another 120 million shares. GGP valued the warrants at $519 million as of March 30.
NYSE seen from the members gallery on August 9, 2007
The first of 4 parts of my Pre-Algebra class trip to NYC, for the Stock Market, and a Hedge Fund building. Of course, we can’t forget about Dylan’s Candy shop!
On Monday, January 25, legendary rock band KISS and Im a Pepper ad icon David Naughton teamed up with Dr Pepper Snapple Group CEO Larry Young to ring The Closing Bell® at the New York Stock Exchange in celebration of the 125th Anniversary of Dr Pepper Americas oldest major soft drink. Gene Simmons, aka Dr Love and star of the current Trust Me, Im a Doctor ad campaign, will also be featured with all of his KISS band mates in an upcoming Super Bowl ad for Dr Pepper Cherry. Naughton, star of the classic Dr Pepper commercials and the 1981 film An American Werewolf in London, is ranked by AOL.com as one of the Top 25 Ad Icons of All Time.
3/8/2010-Daimler AG (NYSE:DAI) will reportedly sell up to $429 million worth of shares in India-based Tata Motors (NYSE:TTM) at a discount of approximately 7% to its Monday closing price. Daimler will offer 25.6 million shares of the company at 737.4 to 761.3 rupees per share, which represents a 4% to 7% discount from its Monday close. The stake represents a 5.34% holding in the firm. Citigroup is handling the sale.
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www.StockMarketFunding.com Stock Futures Trading Analysis & NYSE Market Commentary Nasdaq Stock Futures Trading Analysis & Market Commentary S&P futures vs fair value +5.30. Nasdaq futures vs fair value: +7.70. Stock futures have made modest improvement with news that the latest initial jobless…
www.StockMarketFunding.com Dow Jones Index NYSE Nasdaq Opening Bell Price Action. The S&P 500 has made a push back toward its opening high. The move has come amid broad-based support, though the financial sector has actually eased back a slight bit so that it is now up 0.9% after it was recently up a little more than 1%. Meanwhile, the dollar continues to oscillate. It had been up modestly in premarket trade, but gave up its gain to dip into the red as the start of trade approached. It is now at the flat line. The latest wholesale inventory data were just released. It showed that overall wholesale inventories increased 1.9% in October. A 0.7% increase had been expected. Inventories for the prior month were revised upward to reflect an increase of 2.1%. Advancing Sectors Financials (+0.9%), Telecom (+0.6%), Materials (+0.5%), Industrials (+0.5%), Energy (+0.5%), Consumer Staples (+0.4%), Consumer Discretionary (+0.3%), Tech (+0.3%), Health Care (+0.2%), Utilities (+0.1%) Declining Sectors: (None)DJ30 +12.90 NASDAQ +11.68 SP500 +5.59 NASDAQ Adv/Vol/Dec 1447/330 mln/790 NYSE Adv/Vol/Dec 1809/171 mln/884