Filed under: Before the bell, Analyst reports, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), eBay (EBAY), XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Walt Disney (DIS), AT and T (T), Boeing Co (BA), Merrill Lynch (MER), NYSE Euronext (NYX), Trump Entertainment Resorts (TRMP), Merck and Co (MRK)

Before the bell: Investors concerns resumed, stock futures lower

After eBay Inc. (NASDAQ: EBAY) has pulled out of Japan a few years back due to Yahoo’s domination there, today it announced a partnership with Yahoo Japan Corp., owned one third by Yahoo! Inc. (NASDAQ: YHOO). The two agreed to team up in online auctions, planning services for next year that will make it easier for consumers to buy things over the Internet from the U.S. and Japan and make cross-border bids and trading.
Trump Entertainment Resorts (NASDAQ: TRMP) announced yesterday its Chief Financial Officer Dale Black has resigned, effective Dec. 14, to take a similar position with another casino and entertainment company. TRMP shares declined in late trading, continued to slide in after hours and are now trading down over 14.6% in premarket action.

Today is the expiration date on the FCC’s 180-day review period for the proposed purchase of XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) by Sirius Satellite Radio Inc. (NASDAQ: SIRI). Analysts thinks the purchase may not be approved by today. While some analysts are think that the FCC may yet approve the merger, the Justice Department may not act under the same time constraints. Consensus seems to be, though, that the review will slip past the 180-day period. A Cowen & Co. analyst warned shares of the two satellite radio companies may tumble if the deal is rejected, XM shares may drop between 20-30% and Sirius may decline about 20%. In premarket action SIRI shares are down 4.8% and XMSR shares down 8.4%.

Continue reading Before the bell: YHOO, EBAY, TRMP, MRK, SIRI, XMSR, AAPL …

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