Sun shares plunge after company reportedly spurned IBM bid

Date: Mon, 06 Apr 2009 12:01:02 -0400
Sun shares plunge after company reportedly spurned IBM bid

Sun Microsystems Inc. shares plunged as much as 24% Monday following
reports that the company's board of directors turned down a proposed
IBM Corp.'s
acquisition offer of $7 billion.

FINANCIAL STOCKS: BANKS FALL AS ANALYST SEES RED

Shares of major U.S. banks fell in early trading Monday and pressured
the broader market after an influential analyst cautioned that loan
losses in the sector are likely to grow more severe than they did
during the Great Depression.

FUNDWATCH: FUND FIRMS NAMED AND SHAMED FOR CEO PAY VOTES

As the public fumes over multimillion dollar salaries
for corporate executives, attention has turned to the role mutual
funds play in.approving the big payouts.