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Re: ReturntoSender post# 6755

Monday, 08/10/2009 9:06:47 PM

Monday, August 10, 2009 9:06:47 PM

Post# of 12809
From Briefing.com: 4:20 pm : Monday made for a rather boring day for stocks. There wasn't any market-moving news and the major indices spent the entire session trading with relatively modest weakness.

At their session lows, stocks were down roughly 1%. The downturn came after a choppy start and a couple of failed attempts to pare losses in the early going. Stocks did manage to retrace the downturn into the close, though.

McDonald's (MCD 56.27, +1.07) provided leadership to blue chips after reporting another monthly increase in global sales. However, the announcement did little for the overall market.

Health care stocks finished the session with some of the best gains. Health care stocks advanced nearly 0.8%. The sector drew support from a broad range of industry players, though Eli Lilly (LLY 33.83, -1.06) lagged after Reuters reported that analysts at Goldman Sachs placed the stock on the Americas Conviction Sell List.

Utilities (+0.2%), consumer staples stocks (+0.2%), and energy stocks (+0.3%) also made gains. The first two sectors put together their advance late in the session, but energy stocks spent the majority of the session in higher ground even as oil prices gyrated. Crude oil futures finished 0.4% lower at $70.62 per barrel.

Gold prices contended with considerable selling pressure for the entire session. They dropped 1.3% to settle at $946.90 per ounce. General weakness among commodity prices weighed on basic materials stocks for the entire session. In turn, the materials sector fell 1.6%, worse than any other major sector in the S&P 500.

Trading volume was light this session. Hardly 1 billion shares exchanged hands on the NYSE. That's the fewest in two weeks and considerably below the near 1.5 billion that have been averaged during the last 200 sessions.DJ30 -32.12 NASDAQ -8.01 NQ100 -0.6% R2K -0.1% SP400 -0.7% SP500 -3.38 NASDAQ Adv/Vol/Dec 1285/1.86 bln/1386 NYSE Adv/Vol/Dec 1444/1.09 bln/1595

9:10AM Microsoft and Publicis Groupe confirm they have signed agreement in which Publicis will acquire Razorfish for approximately $530 mln (MSFT) 23.56 : In a press release out yesterday, Publicis Groupe and Microsoft (MSFT) confirmed that they have signed an agreement under which Publicis Groupe will acquire Razorfish in a transaction valued at approximately $530 mln, expected to be provided in a combination of cash and Publicis Groupe treasury shares. In addition, the parties announced they have signed a Strategic Alliance Agreement that will become effective at the closing of the transaction. The total consideration is expected to be paid in a combination of cash and delivery of 6.5 mln Publicis Groupe treasury shares. The cash component of the purchase price will be determined based on the value attributed to the shares calculated by the average closing price of Publicis Groupe stock during the 20-trading-day period ending on the eighth business day prior to the closing date of the transaction.

NVIDIA (NVDA) announces that Intel (INTC), and motherboard manufacturers, including ASUS, EVGA, Gigabyte, and M.S.I., have all licensed NVIDIA S.L.I. technology for inclusion on their Intel P55 Express Chipset-based motherboards designed for the upcoming Intel Core i7 and i5 processor in the LGA1156 socket...

9:01AM California Micro eliminates stockholder rights plan (CAMD) 3.00 : Co announces that the CMD Board of Directors has unanimously voted to redeem the rights accompanying the company's outstanding common stock, effective August 8, 2009, for $0.001 per right. Stockholders of record on that date do not need to take any further action to receive the redemption price which will paid in the next sixty days. As part of its ongoing communications with CMD stockholders, CMD has discussed the concerns of certain of its major stockholders regarding the rights plan, and has previously considered redeeming the plan or submitting it to a stockholder vote no later than the Company's 2010 stockholder meeting, and submitting any subsequent rights plan to stockholder vote. As a result of more recent communications with stockholders, the Board has decided to accelerate the elimination of the rights plan. The Board further has adopted a policy to submit any future rights plan to a stockholder vote.

United Microelectronics (UMC) reports unaudited net sales for July 2009 increased 3.2% year/year to NT$8.81 bln; month/month sales increased 6.97%

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