Fraud At Disney? That’s What This Suit Alleges

Stocks were higher on merger activity.

Duke Energy
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swap 1.56 shares of its common stock for each Cinergy share.

Ameritrade
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(
ET |
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higher on merger speculation. The Wall Street Journal reports that ETrade
has expressed an interest in buying Ameritrade. Trader talk: the deal talk mans
that business is slow in retail trading. A study by Forrester Research said that
falling commission prices will eventually lead to zero-profit online trades.

After the close, Priceline
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McDonald’s
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rose 2.8%.

Hillenbrand
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King Pharmaceuticals
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KG |
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GM announced its regular .50 quarterly dividend. There is speculation
this may be cut.

A NYSE seat holder–William Higgins–filed suit to block the merger between
the NYSE and Archipelago.

Stanley Gold and Roy Disney are suing Disney for fraud regarding the
CEO selection process. The suit seeks a new vote. DIS closed at 27.06, up 0.17.

ChevronTexaco
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confusion.

Tuesday after the bell, look for Cisco
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Estimates are 0.22 with revenues of $6.15 billion.

Strong sectors were:  Brokers
(
$XBD.X |
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Oil Services 
(
$OSX.X |
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Weak sectors were:  Internet
(
$GIN.X |
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