Stock Value: Stock Drives To Key Resistance Before Big Apple Event

Time: 9/01/2010 09:55:00 AM
The stock of Apple, Inc. (NASDAQ:AAPL) is driving to resistance at the 50-day moving average ahead of today’s big Apple event.

The big resistance level ahead of the press conference today at 1pm EST is the 50-day moving average, which was last at $254.34.

In most technical trading systems, a breakout above the 50-day moving average would have to be consider a bullish sign. via timesoftheinternet

Apple Inc. said Monday night that it will live stream its much-anticipated product rollout Wednesday for anyone with recent versions of its software on Macs, iPhones, iPads and iPod touches. AT&T(i) today announced that it has completed the sale of its domestic Japanese outsourcing services operations to Internet Initiative Japan Inc.

Nasdaq Hot Stocks: Trading Alert for YRC Worldwide (YRCW)

Time: 9/01/2010 09:51:00 AM
Today's traded Put/Call ratio is 19.36. There were 19.36 puts traded for each call contract.

The following alerts were raised:
1. Unusual Put Volume
2. High Put/Call Ratio
3. 3 Month Record High Put Volume

YRC Worldwide Inc. (NASDAQ: YRCW) dropped by 0.75% to close at $0.25. It touched the day high of $0.257 whereas total traded volume stood at 24.54 million shares for the day. YRC Worldwide Inc. (YRC Worldwide) is a holding company. YRC Worldwide, through wholly owned operating subsidiaries offers its customers a range of transportation services. These services include global, national and regional transportation, as well as logistics.

YRCW is amongst the most active stock on NASDAQ and it fell 5.6 percent to $.25 with 20,153,600 shares traded. YRCW swung to a fourth-quarter profit, although the number got help from a one-time gain tied to the company’s successful debt-for-equity swap.

Stock market today: BP to Sell Malaysian Assets to Petronas

Time: 9/01/2010 07:43:00 AM
Stock market today: BP said Wednesday that it would sell some of its Malaysian assets to Petronas, the country’s oil consortium, in a deal worth up to $411 million, as it begins to divest itself of businesses to recoup the costs of the Gulf oil spill.

The British oil giant said it was selling its stakes in Ethylene Malaysia and Polyethylene Malaysia, both already operated and part-owned by Petronas, which BP called their “natural owner.”
The deal with Petronas includes a $363 million cash payment, a $15 million balance sheet adjustment, the repayment of a $53 million shareholder loan, and potentially a special dividend of $48 million from Ethylene Malaysia. via nytimes

BP News 1: BP PLC (BP) will submit Wednesday a report evaluating lessons learned in its response to the oil spill in the Gulf of Mexico to U.S. regulator the Bureau of Ocean Energy Management, Regulation and Enforcement, a company spokesman said.