Intel Corp (INTC) tendered a cash offer to purchase all outstanding common shares of Wind River Systems (WIND) through its wholly owned subsidiary, APC II Acquisition Corp, on June 11. The bid also includes rights to purchase shares of series A junior participating preferred stock at a price of $11.50 per share of common stock.

The offer was followed by a waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act). However, with the expiry of the waiting period on June 22, Intel is one step nearer to closing the deal.

Wind River is the global leader in Device Software Optimization (DSO). With the acquisition, Intel will possess Wind River's expertise in running device software with greater reliability, at faster speed and at lower cost. The acquisition is expected to help Intel expand beyond the computing end market to embedded systems for mobile phones,

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U.S. stocks rose for the fifth time in six days as analysts recommended buying bank stocks and oil prices rose again pushing energy stocks higher.  Investors also took heart from the drop in unemployment numbers and U.S. workers filing first-time claim for jobless benefits.  The Dow Jones industrial average added 75 points, or 0.9% to close at 8750 and the S&P 500 index rose 1.1% to close at 942.46.  The S&P is up 39% since hitting its 12-year low on March 9.  The tech-heavy Nasdaq continued its strong performance and rose 1.3%.

Among S&P industry groups, financials were the leading gainers, rising 3.4% as traders took reports of a failed Latvian bond auction in their stride.  A Bernstein upgrade of Goldman Sachs (NYSE:GS) to "outperform" also helped financials and the effects of the failed bond auction were nowhere to be seen.  Bernstein suggested Goldman's capital strength will allow the

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The markets rebounded from yesterday’s lag in a rally led by financials and energy, as the Dow Jones was up 0.86% to close at 8750.24.  The NASDAQ was up 1.32%, closing at 1850.02, while the S&P 500 closed at 942.46, up 1.15% for the day.  The 10-year yield rose 3.076% as prices for the treasury fell.  Crude and gold both were up today settling at $68.81 and $982.30 respectively. 

Energy stocks were the main reason for a gain in the markets as Exxon [XOM: 72.98, +0.90 (+1.25%)], Chevron [CVX: 69.79, +1.53 (+2.24%)], and ConocoPhillips [COP: 45.97, +0.34 (+0.75%)] all saw significant run ups today.  One of the main reasons for the rally in energy was that an analyst from Goldman Sachs made a forecast that energy shortages are likely to return, driving futures to a seven month high.  The same analyst from Goldman

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In September I took a look at a href="http://zignalsblog.blogspot.com/2008/09/buffett-way.html"Warren Buffett's/a stock holdings. In this post I will look at George Soros's stocks. The information was pulled from a href="http://www.stockpickr.com/port/George-Soros/"Stockpickr/a and is ehhh... not the most up to date given his third greatest holding was that bastion of financial security, Lehmans. The a href="http://www.marketfolly.com/2008/08/checking-in-on-warren-buffett-berkshire.html"13F/a on which the holdings were pulled were current for June 20th of this year - I suspect things have changed a little since.... br /br /span class="fullpost"Topping his holdings is Petroleo Brasileiro S.A. (strongPBR/strong). The stock has given back nearly all of its 2007 run up but is currently trading at support of a modest up trend dating back to 2005. The stock is also trading near support of a broadening wedge which encompassed the crash of 2008. The stock yields a disappointing 0.30% but the company did report a href="http://www.marketwatch.com/news/story/petrobras-reaches-record-oil-production/story.aspx?guid={AC06D002-C3BA-44F0-B338-F783A58EE8D9}siteid=yhoof"record oil production/a for September. br /br ...

Monday:Economic Existing Home Sales (4.94M)Earnings China Netcom (CN), CPI Corp (CPY)Tuesday:Economic Consumer Confidence (53.0), New Home Sales (525,000), FOMC MinutesEarnings American Eagle Outfitters (AEO), Big Lots (BIG), Borders Group (BGP), Daktronics (DAKT), Dycom (DY), J Crew Group (JCG), Rio Tinto (RTP)Wednesday:Economic Weekly Crude, Durable Goods Orders (0.1%)Earnings Dollar Tree (DLTR), Fuelcell Energy (FCEL), Jo-Ann Stores (JAS), Mens Wearhouse (MW), Talbots (TLB), Tivo (TIVO)Thursday:Economic Weekly Claims (427K), GDP (2.7%)Earnings Aruba Networks (ARUN), Del Monte Foods (DLM), Dell (DELL), Dollar Financial (DLLR), Freds (FRED), Gnensco (GCO), Gerber Scientific (GRB), Kirklands (KIRK), Marvell Tech (MRVL), Novell (NOVL), Petsmart (PETS), Sears (S), Tiffany & Co (TIF), Williams Sonoma (WSM), Wind River Systems (WIND)Friday:Economic Personal Income and Outlays (-0.1%), NAPM-Chicago (49.8), Consumer Sentiment (62.0)http://stockweb.blogspot.com/atom.xml