LyondellBasell remains in talks with creditors, a spokeswoman for the chemical giant says, amid fresh reports that a Chapter 11 bankruptcy filing may be in the offing.

Several major banks, including J.P. Morgan, UBS and Deutsche Bank, could be facing legal action from Italian authorities over deals they struck to manage bond investments, according to a published report Monday.

LONDON (MarketWatch) -- Shares in Credit Suisse and UBS rally in Switzerlandâ??s first trading session of the year Monday after both banks sold off assets at the end of a troubled 2008.

European shares advanced in early trading on Monday, with oil and gas firms among the strongest performers, as investors started the first full trading week of the new year on a positive note.

Big Banks May Get Ensared In Italian Bond Scandal: Telegraph

China Lifts Inflation Controls; Awful Year for India Rupee; 30-year Mortgage Rates Hit Record Low; First Recorded Decline in Online Holiday Shopping; UBS Offloads Bank of China Stake With inflation easing, China has lifted temporary inflation controls on key commodities such as liquefied petroleum gas, power-station coal, grains and cooking oil. Ten months ...

China Lifts Inflation Controls; Awful Year for India Rupee; 30-year Mortgage Rates Hit Record Low; First Recorded Decline in Online Holiday Shopping; UBS Offloads Bank of China Stake

• With inflation easing, China has lifted temporary inflation controls on key commodities such as…

We have two tier-1 firms out cautious or even negative on Satyam Computer (NYSE:SAY) this morning: - UBS notes Satyam stock has rallied more than 25% over the past week on increased probability of a management change. While they think a smooth management change would be positive for the stock, the market has not factored in a potential disruption to business caused by uncertainty by the management/ownership change, in firm's view. New contract wins will be the first to be impacted; additionally Satyam faces competition from TCS/Infosys Technology (INFY) in its existing client base in an already challenging demand environment. Among Satyam’s large accounts, TCS also has a meaningful[More...]

US stocks advanced on Wednesday on better than expected economic data. Shares also rose as US mortgage rates fell to the lowest in more than three decades.[More...]

Filed under: Deals, Apple Inc (AAPL), Dell (DELL), Viacom (VIA), Federal Natl Mtge (FNM), Time Warner Cable (TWC)

Dell Inc. (NASDAQ: DELL) is shaking up top management and may soon announce that Michael Cannon, president of global operations, and Mark Jarvis, Dell's chief marketing officer, will leave their roles, The Wall Street Journal reported. More changes are expected as part of Michael Dell's turnaround plan.

Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), Ginnie Mae -- The Federal Reserve is increasing its efforts to breathe some life into the ailing housing market and said Tuesday that it will begin purchasing up to $500 billion in mortgage-backed securities early next month From Fannie, Freddie and Ginnie. In doing so, the government hopes to lower the rates being charged for consumer loans. FNM and FRE shares traded 12.9% and 10% higher in premarket.

LyondellBasell Industries, the world's third-largest private chemical company, may file for bankruptcy protection. The Netherlands-based company has large U.S. operations. It found itself in the midst of a cash crunch as sales plunged, according to The Wall Street Journal. It told lenders it is trying to line up as much as $2 billion in bankruptcy financing. This could put chemical stocks in focus and under pressure.

Continue reading Stocks in the news: DELL, FNM, FRE, VIA, TWC, UBS, AAPL

Stocks in the news: DELL, FNM, FRE, VIA, TWC, UBS, AAPL originally appeared on BloggingStocks on Wed, 31 Dec 2008 08:13:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Here is a photo sent in from Sal. He was walking through the City of London and spotted UBS’ headquarters:

Schaeffer?s analyst Colleen S. King takes a look at news on the Street before the market open.

Schaeffer's analyst Colleen S. King takes a look at the major news of the day on Wall Street.

Companies featured in this segment: Enterprise Products Partners L.P. (NYSE:EPD), Targa Resources Partners LP (NASDAQ:NGLS), Anadarko Petroleum (NYSE:APC), UBS (NYSE:UBS), Westar Energy Incorporated (NYSE:WR), American Electric Power Company (NYSE:AEP), Berkshire Hathaway Incorporated (NYSE:BRK.A), KOBE Steel Limited (OTC:KBSTY), TreeHouse Foods Incorporated (NYSE:THS), ProLogis (NYSE:PLD), Honeywell International Incorporated (NYSE:HON), ConocoPhillips (NYSE:COP)

Companies featured in this segment: Entergy Corporation (NYSE:ETR), Siemens (NYSE:SI) Westinghouse steam turbines and three General Electric (NYSE:GE), Alstom (EPA:ALO), CenterPoint Energy Incorporated (NYSE:CNP), Entergy Corporation (NYSE:ETR), American Electric Power Company (NYSE:AEP), MannKind Corporation (NASDAQ:MNKD), Eli Lilly & Company (NYSE:LLY), Novo Nordisk (NYSE:NVO), Pfizer Incorporated (NYSE:PFE), Chicago Bridge & Iron (NYSE:CBI), Total S.A. (NYSE:TOT), GDF Suez SA (EPA:GSZ), Kansai Electric Power Corporation (TYO:9503), Kyushu Electric Power Corporation (TYO:9508), Abbott Laboratories (NYSE:ABT), UBS Investment Bank (NYSE:UBS)