STOCKS NEWS US-Sun Micro-IBM talks break down: source
Stocks on the move [HOT-RTRS] Real-Time Equity news [U E]
U.S. stock market report [.N] 0711 ET 06April2009-Sun Micro-IBM talks break down: source ------------------------------------------------------------------------------
Shares of Sun Microsystems (JAVA.O) fell in premarket trade on Monday, after sources said that IBM's (IBM.N) talks to buy the company had broken down. [ID:nL6578542]
The talks collapsed after Sun rejected a $7 billion buyout offer from IBM.
Shares of Sun fell 24.1 percent to $6.44 before the bell while IBM, a Dow component, was down 0.4 percent to $101.80.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0706 ET 06April2009-Economic indicators for April 6 ------------------------------------------------------------------------------
Economic indicators on tap for Monday include March employment trends and Midwest manufacturing data for February.
For details, see [ECI/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0659 ET 06April2009-Earnings diary for April 6 ------------------------------------------------------------------------------
Companies scheduled to report quarterly results on Monday include: Kayne Anderson Energy (KED.N), Immucor (BLUD.O) and Apogee Enterprises (APOG.O).
For details, see [RESF/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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