Ahead of the Bell: GM wobbles on Chrysler report (AP) and Ahead of the Bell: analyst assesses casino stocks (AP)

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City of Industry, CA --(www.USEquityNews.com)-- 10/17/2008 - US Market industry alert provided by U.S. Equity News. NEW YORK (AP) -- Shares of General Motors Corp. traded heavily premarket on Friday as news reports indicated that talks of a merger between GM and rival Chrysler LLC are accelerating.Shares rose as high as $6.76 ahead of the market open. They recently traded at $6.33, down 7 cents from Thursday's closing price of $6.40.
On Thursday, Chrysler Chief Executive Bob Nardelli told CNBC that the steep decline in U.S. [Read the full article]


NEW YORK (AP) -- An analyst said Friday that current levels of economic uncertainty could provide a buy opportunity on some casino stocks."Our analysis suggests that at current prices the market is discounting topline declines in Vegas and Macau of around 20 percent, which is particularly severe," Jake Fuller of Thomas Weisel Partners LLC wrote in a client note.
However, Fuller anticipates only a 7 percent decline in Las Vegas gaming "win" and a 6 percent drop in the Chinese gambling enclave of Macau next year."Win" is a gross figure, with no operating costs or other expenses deducted, and rep [Read the full article]

NEW YORK (AP) -- Analysts on Friday offered mixed opinions on Capital One Financial Corp.'s third-quarter results. Some were encouraged by the credit card company's capital levels, while others remain concerned that the worsening economy will limit results going forward.
Calyon Securities Inc. [Read the full article]

By Scott MaloneBOSTON (Reuters) - Honeywell International Inc's (NYSE:HON - News) third-quarter profit rose a better-than-expected 16.3 percent on strong sales of thermostats and other equipment used to manage large commercial buildings.
But in a sign of how quickly business conditions have deteriorated in the past few weeks, the diversified U.S. [Read the full article]

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