Market Minute: BlackBerry Buyout in Doubt? JPMorgan Mulls Massive Settlement Deal


BlackBerry may be back in play, and JPMorgan mulls a massive settlement deal. Those stocks and more are what's in Thursday's Market Minute.

The Dow Jones industrial average (^DJI) fell 61 points Wednesday, the Nasdaq composite index (^IXIC) slipped 7 points and the Standard & Poor's 500 index (^GPSC) lost 4. The S&P's five session losing streak -- ever since last week's record high -- is its longest this year.

BlackBerry Smartphones And U.K. Headquarters As 4.7 Billion Buyout Looms
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BlackBerry (BBRY) has canceled a planned conference call with analysts scheduled for Friday morning. That's raising concerns that the company's planned takeover by Fairfax Financial may be running into trouble. But Fairfax says it's confident it will get financing for the deal.

JPMorgan Chase (JPM) will no doubt be actively traded again today. Several news reports say the banking giant is in talks with state and federal regulators to settle a series of cases related to mortgage-backed securities, but at a huge cost: $11 billion.

J.C. Penney (JCP) is reportedly looking at ways to modify its agreement with Martha Stewart Omnimedia to resolve a long running dispute with Macy's. The Wall Street Journal says Penney may be willing to pare back on the Martha Stewart items it carries, partly because they haven't sold all that well.

Penney shares are set to slide for a second day in a row on reports the retailer may raise up to a billion dollars by issuing new stock. That dilutes the value of existing shares.

The third quarter hasn't quite come to an end, but the quarterly earnings season gets underway after today's closing bell. Nike (NKE) kicks it off for the time because it was just added to the Dow 30, and Alcoa (AA) -- the long-time pacesetter -- was dropped from the Dow.

Shares of Bed, Bath & Beyond (BBBY) are set to rise after the retailer reported a better-than-expected 11 percent earnings increase.

And Starbucks (SBUX) may be close to rolling out a carbonated drink. The company has filed to get a trademark on the name "Fizzio." It's already testing sodas in Atlanta and Austin, Texas.

-Produced by Drew Trachtenberg.