Company News for April 6, 2009

• Australian billionaire Packer denied reports he is considering acquiring a stake in the Las Vegas City Center project currently jointly owned by MGM (NYSE:MGM) and Dubai World. MGM (NYSE:MGM) has hired Morgan Stanley (NYSE:MS) to advise on selling various casinos to generate needed cash

• Chairman and CEO Adelson reported the purchase of 4.7 million additional shares of Las Vegas Sands (NYSE:LVS), bringing his total purchases over the past week to almost 12.6 million shares

• Reports said talks between IBM (NYSE:IBM) and Sun Microsystems (NASDAQ:JAVA) broke down over the weekend on disagreement over terms of a potential deal, including the $9.40, or about $6 billion price Sun considered too low

• HSBC Holdings (NYSE:HBC) shares jumped in Monday's trade on the successful response to its $18.9 billion rights offering

• GM's (NYSE:GM) Saab unit is reportedly in talks with 20 possible buyers, with a deal expected by June. The unit is seeking the write-off of about three-quarters of its non-prioritized debt.

Read the full analyst report on MGM

Read the full analyst report on MS

Read the full analyst report on LVS

Read the full analyst report on IBM

Read the full analyst report on JAVA

Read the full analyst report on HBC

Read the full analyst report on GM