Added: Aug 4, 2010

From: TradeTheTrend

Duration: 2:4

Good Morning. It's Wednesday, August 4, 2010. At this hour, U.S. equity futures are lower. Overseas, the Asian markets were mixed, while the European markets are down. BP (BP) announced that the MC252 well in the Gulf of Mexico appears to have reached a static condition. The well pressure is now being controlled by the hydrostatic pressure of the drilling mud, which is the desired outcome of the static kill procedure carried out yesterday...Barnes Noble (BKS) announced that its board intends to evaluate strategic alternatives, including a possible sale of the company...The Royal Bank of Scotland (RBS) agreed to sell 318 branches and associated assets and liabilities to Santander UK plc (STD) for a premium of GBP350M to net assets at closing...Motorola (MOT) and Verizon (VZ) are teaming up for a "TV Tablet," CNBC reports, that will be tied to FiOS service...Playboy Enterprises (PLA) announced that its board has formed a special committee to evaluate and determine the company's response to the proposal made by Hugh M. Hefner on July 9, to acquire all of the outstanding shares of Class A and Class B common stock of PEI not currently owned by Hefner for $5.50 per share in cash...Goodrich (GR) signed an agreement to acquire the Cabin Management assets of DeCrane Holdings, a leading provider of seating, furniture, veneers and cabin management systems for the business jet market.

Channel: News

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