Starboard's Jeff Smith: idea of YHOO/AOL merger would still make sense, but more so after Yahoo completes the spin off of Alibaba stake - CNBC interview - Want Yahoo to look at spin off of Yahoo Japan
US appeals court indicates it will not reconsider the ruling that brought back lawsuit from EU union against the company - press - Appeals court refuses to reconsider stance on suit that alleges money laundering and cigarette smuggling
Ticking higher on vague takeover chatter circulating - Pfizer rumored as a potential acquirer
Jana Partners Rosenstein: have had very constructive discussions with the company, would be suprised if we can't come to some sort of an agreement on strategy (responding to question about whether Jana may try proxy fight in Nov) - CNBC interview
Fiat Chrysler CEO seeks mega deal before stepping down - RTRS
Hearing recent strength attributed to vague takeover chatter circulating - Intel rumored to be interested
ALTR US : -1.06%
BRCM US : +0.52%
Greece govt official denies press speculation that Greece could call early elections; says govt continues to seek deal with its creditors
Gapping down
Select metals/mining stocks trading lower with Gold Futures down 0.4%: MT -1.5%, CLF -1.4%, ABX -1.3%, VALE -1.2%, GOLD -1%, GDX -0.9%, SLV -0.9%, SLW -0.9%
Other news: ANR -3.9% (discloses its subsidiary received an imminent danger order from the Mine Safety and Health Administration; also downgraded to Sell at UBS), SINA -3.3% (modestly pulling back following last weeks strength), XONE -2% (files for $150 mln mixed securities shelf offering), SHPG -1.2% (still checking), GE -0.9% (slight pull back after Friday's strength)
Analyst comments: ALLT -3.5% (downgraded to Hold from Buy at Needham ), BHP -2.7% (downgraded to Neutral from Buy at Citigroup), QLYS -2% (downgraded to Neutral from Outperform at Robert W. Baird), RIO -0.7% (downgraded to Neutral from Buy at Citigroup), BP -0.5% (downgraded to Neutral from Buy at BofA/Merrill
)
Select metals/mining stocks trading lower with Gold Futures down 0.4%: MT -1.5%, CLF -1.4%, ABX -1.3%, VALE -1.2%, GOLD -1%, GDX -0.9%, SLV -0.9%, SLW -0.9%
Other news: ANR -3.9% (discloses its subsidiary received an imminent danger order from the Mine Safety and Health Administration; also downgraded to Sell at UBS), SINA -3.3% (modestly pulling back following last weeks strength), XONE -2% (files for $150 mln mixed securities shelf offering), SHPG -1.2% (still checking), GE -0.9% (slight pull back after Friday's strength)
Analyst comments: ALLT -3.5% (downgraded to Hold from Buy at Needham ), BHP -2.7% (downgraded to Neutral from Buy at Citigroup), QLYS -2% (downgraded to Neutral from Outperform at Robert W. Baird), RIO -0.7% (downgraded to Neutral from Buy at Citigroup), BP -0.5% (downgraded to Neutral from Buy at BofA/Merrill
)