The following is a round-up of news likely to affect stock prices today:
BP (BP) extended Wednesday's selloff in London on Thursday, plunging as much as 11% to a 13-year low. Political pressure has intensified on the company to halt dividend payments and increase clean-up efforts and payments for the Gulf of Mexico oil spill. BP bonds and credit-default swaps are also trading as junk -- as if the energy company has lost its investment-grade rating. Meanwhile, Andarko Petroleum (APC) shares bounced back over 7% in premarket trading after Wednesday's 18.6% slide.
Goldman Sachs (GS) may have a second probe by the SEC to deal with. The subject of this one is its $2 billion Hudson Mezzanine collateralized debt obligation, sold in 2006, according to Bloomberg sources. Goldman Sachs shares have fallen 26% since the SEC filed a fraud lawsuit against the firm on April 16 that related to its 2007 sale of a CDO called Abacus.
AIG (AIG) -- A watchdog panel says it's still unclear whether U.S. taxpayers will ever fully recoup the $182 billion AIG bailout payment, and the government should have used up all its options before bailing out the insurance company.
UBS (UBS) -- After posting its highest pretax profit since the credit crisis began in the first quarter of this year, the company faces weaker second quarter earnings due to a sharp slowdown at its investment bank and lower activity by rich clients, CFO John Cryan told analysts.
AT&T (T) on Wednesday acknowledged a security breach that exposed the email addresses of apparently more than 100,000 users of Apple's (AAPL) iPad. The vulnerability only affected iPad users who signed up for AT&T's "3G" wireless Internet service. Gawker Media lists some big names among those affected, including Rahm Emanuel.
Men's Wearhouse (MW) said late Wednesday its first-quarter profit rose to $13.6 million, or 26 cents a share, from $5.3 million, or 10 cents a share, in the year-ago period. Revenue increased to $473.5 million from $464.1 million a year ago. Shares jumped 5.5% in after-hours trading.
Motorola (MOT) is seeing strong demand for its Droid phone at Verizon Wireless despite the popularity of rival HTC Corp's Droid Incredible, co-CEO Sanjay Jha said on Wednesday.
American Eagle Outfitters (AEO) is hiking its quarterly dividend by 10% to 11 cents a share.
Palm (PALM) said it has agreed to settle a class-action lawsuit filed by shareholders over its pending merger deal with Hewlett-Packard (HPQ).
Hewlett-Packard (HPQ) plans to make its Halo video-conferencing service work over desktop computers and standard Internet connections inside corporations. HP is using technology from Vidyo, which will lower the cost of using the Halo service.
Stocks in the News: BP, Goldman Sachs, AT&T