24.9.13

Most Active Stocks - Less Than $10 - Tuesday Sep 24, 2013

From: Google Finance

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Click to read - Applied Materials Inc. (AMAT), the largest chipmaking-equipment supplier, agreed to acquire Tokyo Electron Ltd. (8035) for $9.39 billion in stock in the largest deal for a Japanese company from outside the country in six years. Gary Dickerson, who was promoted to chief executive officer of Applied Materials this month, will be CEO of the combined manufacturer, the companies said in a statement yesterday. Applied Materials shareholders will own 68 percent of the new entity. Shares of both companies surged.

Click to read - Chrysler Group on Monday made a government filing that could lead to an initial public offering of stock. The company said in the filing that the number of shares to be sold and a price range haven't been set. JPMorgan is listed as the lead adviser. All the shares to be sold would come from a 41.5% stake in Chrysler held by a United Auto Workers retirement trust, the filing says. The remaining 58.5% of the company is owned by Fiat, which got control of Chrysler in the 2009 government-sponsored bankruptcy reorganization.

Click to read - Money lenders trust America so implicitly that they generally dismiss the risk it won't pay its debts. But in the U.S. capital, fears are growing that political dysfunction might trigger the unthinkable. Government veterans from both political parties are aghast that lawmakers openly speak of managing a default that could be triggered next month if they don't authorize more borrowing. Another reason for concern is that the debate over the debt ceiling appears stuck on a Republican demand for big spending cuts in exchange for raising the $16.7 trillion borrowing limit.

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