Replies to post #69862 on Options Wonderland

[3xBuBu]

Apple, Office Depot, LDK Solar are market movers

Office Depot Inc., up 13 cents at $2.60

Investment firm Starboard Value said it bought a 13.3 percent stake in the office supply retailer, becoming its largest shareholder.

Waste Connections Inc., up $3.14 at $32.81

The solid waste services company said it is buying R360 Environmental Solutions, a waste treatment firm, for about $1.3 billion.

LDK Solar Co. Ltd., down 4 cents at $1.20

The solar equipment maker's second-quarter loss widened, hurt by a drop in the market price for polysilicon, solar cells and modules.

American Vanguard Corp., up $2.86 at $33.87

The agricultural products company said its board of directors declared a semiannual cash dividend of 7 cents per share.

Nasdaq

Apple Inc., up $8.50 at $699.78

The company's shares reached an all-time high after it said preorders for its new iPhone 5 topped two million in 24 hours.

Bloomin' Brands Inc., up 65 cents at $15.05

A Jefferies analyst started coverage of the restaurant operator's stock with a "Buy" rating saying it may outperform rivals.

Complete Genomics Inc., up 35 cents at $3.02

Chinese genomics company BGI-Shenzhen said it will buy the maker of DNA-sequencing technology for about $113.1 million.

Iris International Inc., up $6.12 at $19.54

Health care manufacturer Danaher Corp. said it agreed to buy the medical test maker in a deal worth nearly $341 million.

http://www.keyc.tv/story/19566123/apple-office-depot-ldk-solar-are-market-movers

[3xBuBu]

General Motors pushing U.S. to sell stake
The Treasury Department is resisting General Motors' push for the government to sell off its stake in the automobile maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions. Earlier this year, GM GM -1.41% presented a plan to repurchase 200 million of the 500 million shares the U.S. holds with the balance being sold via a public offering. But officials at the Treasury Department were not interested, as selling now would lead to a multibillion-dollar loss for the government, the newspaper noted