Here are some of the contenders for today's biggest...news...of...the...day...
- Earnings from Campbell Soup Co (CPB)...
- A rescue package for Citigroup Inc (C)...
- The buyout of Omrix Biopharmaceuticals Inc by Johnson & Johnson (JNJ)...[note - shares of OMRI showed unusually heavy volume Friday...]
- Concerns that Bank of America Corp (BAC) may be the next to need a bailout...
- Word that coal stocks are attracting the attention of big-name buyers such as "George Soros, Citadel Investment Group LLC and T. Rowe Price Group Inc..." Arch Coal Inc (ACI) and Peabody Energy Corp (BTU) are among the companies mentioned...
- A lowered forecast from Xerox Corp (XRX)...
- Additional disclosure about Berkshire Hathaway Inc's (BRK) derivatives exposure...
- Upbeat comments on Apple Inc (AAPL)...
- Word that Microsoft (MSFT) plans to challenge Google Inc (GOOG) on cloud computing...
- Upbeat comments on Baxter (BAX), C.R. Bard (BCR), Teva Pharmaceutical (TEVA), and Express Scripts (ESRX)...
- Expectations for weak retail sales...
- The need for retailers to offer deep discounts...
- A takeover agreement between King Pharmaceuticals Inc (KG) and Alpharma Inc (ALO)...
- Weakness in the housing market...
- Advice for General Motors (GM)...
- A buyback from L-3 Communications Holdings Inc (LLL)...
While those are all stories worth watching, I think it is obviously clear that the biggest news is this set of stories -
So...at first glance it was tempting to lump the panda attack in with the animal uprising theme but I don't think that is right. After all, this panda was just minding its own business when some college student invaded its home and tried to hug it. I think the panda was in the clear. Though, I do believe that this quote - "Yang Yang was so cute and I just wanted to cuddle him..." - illustrates why an uprising may succeed. As far as the piano goes - maybe the animals put it there as a distraction?
The last story is, of course, in honor of this week's holiday and gives me an excuse to link to this classic episode - WKRP in Cincinnati - Turkeys Away - "Station manager Arthur Carlson comes up with a big idea for a unique holiday promotion involving live turkeys and a helicopter..."
Though, after thinking about this and recent chatter about deflation, isn't this eerily similar to the Helicopter Ben story?
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