TradingMarkets’ 10 Stocks You Need To Know About Today

Google
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GOOG |
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said it will expand into China and buy faster computers to support new
services. Yesterday, the company raised  $4.18 billion in a stock sale.

Imclone
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IMCL |
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and Bristol Myers

(
BMY |
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said that Health Canada’s Biologics and Genetic Therapies Directorate
approved Erbitux as a metastatic colorectal cancer treatment.

Bear Stearns
(
BSC |
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beat by 0.31.

Bear Stearns upgraded SBC
(
SBC |
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and
AT&T
(
T |
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to outperform

Amgen
(
AMGN |
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was upgraded to a Buy
at Deutsche Bank, with a $102 price target.

Newell Rubbermaid
(
NWL |
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will cut more
than 5000 jobs in a broad corporate restructuring. The company plans to reduce
costs by $120 million and is targeting one-third of its manufacturing
facilities for closing.

California Micro Devices
(
CAMD |
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raised Q3 guidance after the close Wednesday.

Pier One Imports

(
PIR |
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beat by a penny, with a 0.12 loss.

The New York Post
reports Time Warner
(
TWX |
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is in talks to sell a stake in America
Online to Microsoft.