Markets Rebound Across the Board (SNE, ALL)

Stocks manage to rebound and snap the recent trend of recording losses. Momentum from yesterday, when markets began to rally in the afternoon, carried into this morning as stocks, for the most part, were all up and finished that way today. In corporate news, Sony’s (SNE) Playstation Network is down, again, this time at their own hands, to fix another potential security breach. Allstate (ALL) has agreed to purchase rival insurance provider Esurance, as well as Answer Financial for close to $1billion combined.

Word on the Street

• The Securities and Exchange Commission may try to force credit agencies to divulge more information on ratings.
• Sony’s (SNE) Playstation Network has been taken down by the company after another security hole was identified.
• Insurance provider Allstate (ALL) has agreed to purchase Esurance and Answer Financial.
• John Deere (DE) reports a 65% increase in net income due to sales growth.
• Poor weather conditions throughout the Midwest have sent corn and wheat prices higher.
• A group of doctors has assembled to force McDonald’s (MCD) to retire Ronald McDonald and stop marketing to children.
• Weak consumer computer sales and the aftermath of the Japan disaster has caused weak guidance to sink Hewlett-Packard (HPQ).

Interesting Tidbits

• One secret to success is keeping great expectations and truly believing in yourself.
• Collaboration is a strategy that you can begin with employees on their first day.

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