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TOP FINANCIAL NEWS
There will be no announcement from the Treasury/government of a possible
solution tonight or tomorrow on potential RTC-type solution - CNBC
CNBC
reports that the Bernanke/Paulson meeting with the full congressional
leadership is still ongoing and reports that a government official is
telling them that there will be no announcement of any RTC-type
or any comprehensive solution or entity to this problem tomorrow.
BUSINESS
NEWS
After Hours Summary
MS +2.9% (Morgan Stanley in talks with CIC -- FT); WM -6.0% (No bidders
come for Washington Mutual -- FT; Fitch places WM on rating watch
evolving)
Companies trading higher in after hours in reaction to earnings
ORCL +5.9%...
Companies trading lower in after hours in reaction to earnings
PALM -12.8%...
Companies trading higher in after hours in reaction to news:
MS +2.9% (Morgan Stanley in talks with
CIC -- FT)... Companies trading lower in reaction to news
UDR -8.9% (says damage from hurricane Ike was
relatively minor); OMX -8.5% (says has issued and outstanding
$735 mln aggregate principal amount of securitization notes issued in
connection with the sale of timberlands in 2004 -- Reuters);
WM -6.0% (No bidders come for
Washington Mutual -- FT; Fitch places WM on rating watch evolving).
Events
JEC,
WLDN,
FLR,
AZZ
at D.A. Davidson & Co. 7th Annual
Engineering & Construction Conf.
OKE,
OKS
at UBS Master Limited Partnership


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