Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, July 11, 2008

Article Excerpt

ANHEUSER-BUSCH COMPANIES INC. $66.50, New York symbol BUD, jumped 9% on Friday on reports that Belgian brewer InBev NV has raised its takeover offer, from $65.00 a share to $70.00. InBev may also try to secure a friendly takeover deal, as well as drop its attempt to replace Anheuser-Busch’s directors with its own slate. Anheuser-Busch is still a hold. GENERAL ELECTRIC CO. $27.66, New York symbol GE, plans to spin off its Consumer & Industrial businesses to its stockholders as a single company. These businesses make household appliances, light bulbs and electrical equipment. GE originally planned to sell or spin off just the appliance operations. However, the lighting and industrial operations share plants, distribution networks and administrative operations with the appliance division. Keeping the businesses together will make it easier for them to succeed as an independent company. Together, these businesses account for about 8% of GE’s total sales, and 4% of its earnings. The company aims to complete the spinoff in…