Innovation Update

Tyco, Beazer Homes: Tuesday's Headlines

Stock quotes in this article: TYC , JASO , BZH , ARM , ORCL , JPM , YHOO  

NEW YORK (TheStreet) -- Here are the top stock market headlines for the morning of Tuesday, Nov. 10, 2009.

Tuesday's Early Headlines

  • Fed Speak on Tap -- Four Fed officials will be speaking Tuesday, almost a week after the central bank signaled no change to its key interest rate. Atlanta Fed President Dennis Lockhart will speak first at 9:15 a.m. EST during the Urban Land Institute conference in Atlanta. At 10 a.m. EST, Janet Yellen, president of the San Francisco Fed bank, will speak in Phoenix on the economy and the housing market. Fed Governor Daniel Tarullo will speak later at 3:30 p.m. EST Tuesday in New York, offering remarks about a Resolution Authority during an international bankers conference. Dallas Fed President Richard Fisher will give his economic outlook at 7:30 p.m. EST during a speech in Austin.
  • EU Objects to Oracle's Takeover of Sun Micro -- The European Commission issued a formal objection to Oracle's (ORCL Quote) $7.4 billion takeover of Sun Microsystems (JAVA Quote), citing the combination of Sun's open source MySQL database product with Oracle's enterprise database products. The speculation is that an EU rejection will possibly force concessions out of Oracle.
  • Yahoo! CEO Wants Expansion, Hiring -- Yahoo! (YHOO Quote) CEO Carol Bartz said the company plans to expand its operations in India and hire more staff. During a luncheon in Singapore, Bartz also told reporters her goal is to see the Internet search company increase operating profit margins by 15% to 20% within the next two to three years.
  • JPMorgan Plans to Lift Salary Freeze -- Reuters reports that JPMorgan Chase (JPM Quote) will lift a salary freeze it put in place last year for employees making more than $60,000 a year, citing an internal bank memo. The decision by JPMorgan to lift the salary freeze is part of its year-end performance and compensation review process, according to a memo from human resources director John Donnelly.
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