The middle hour of the middle day of the week is seeing a bit of a pick-up from yesterday's slow trading. The Dow Jones is up 78 points, or 0.58 percent, to stand at 12,480.5. The S&P 500 has added 7.25 points to hit 1,424.16, while the Nasdaq Composite is up 15.5 points, standing at 2,428.9.
In equity news, shares of Apple Computer (AAPL: sentiment, chart, options) have dropped this morning following a report that federal prosecutors are examining stock option administration documents apparently falsified by company officials. (For the complete article, click here)
According to an article published in The Wall Street Journal, Nabors Industries (NBR: sentiment, chart, options) is initiating a further review of its options granting practices in light of issues that have been raised concerning stock option practices dating back to 1998. (Click here for more)
Finally, in a story raising both eyebrows and stock prices, according to an article in the Dow Jones Newswire, Ford Motor's (F: sentiment, chart, options) Alan Mulally has made a trip to Japan and may be looking to rival Toyota Motor (TM: sentiment, chart, options) in his search for answers for the ailing auto maker. (Check the full article for more)
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