Apple Inc The technology company was upgraded to “buy,” but its price target was cut to $135, by Sanford Bernstein.
Advanced Micro Devices, Inc The technology company said
Monday that the U.S. Department of Justice has closed its investigation
into ATI Technologies' (which AMD had acquired) pricing and marketing
practices in the sale of graphics processing units.
Citigroup, Inc The bank had its ratings put on review for a
possible downgrade by both Standard & Poor's and Moody's, despite
the bank's lost bid for Wachovia.
Morgan Stanley announced Monday that it has sold 21% of itself to Japanese banking giant Mitsubishi UFJ Financial Group for $9B in stock.
Spanish bank Banco Santander confirms that it is negotiating to acquire Philadelphia-based Sovereign Bancorp. The deal is reportedly valued at $2.5B.
Wachovia Corp The Federal Reserve Board said Sunday it has
approved the application by Wells Fargo to acquire the bank. The deal
is expected to close by the end of the year.