Blackrock to be Added to S&P 500

Ticket BLK surging in AH’s trade on the news.

This is getting ridiculous.

Co announced that its engagement with its registered independent accounting firm, MaloneBailey, has been formally terminated. Co has begun to seek to retain a new auditor. The Resignation Letter described MaloneBailey’s resignation being due to accounting fraud involving forging of the Company’s accounting records and forging bank statements, in addition to other discrepancies identified in the Company’s accounts receivable. On March 24, 2011, Michael Askew resigned as a member of the Board of Directors of the Company, effective immediately, including his position as the Chairman of the Company’s Audit Committee. On March 24, 2011, the Company received a preliminary information request from Amex requesting additional information. The Company intends to fully cooperate with NYSE Amex regarding this matter… Co was also recently notified by the staff of the SEC that it has initiated a formal, nonpublic investigation into whether the Company had made material misstatements or omissions concerning its financial statements, including cash accounts and accounts receivable… In light of these events, the Board of Directors of the Company has formed a Special Investigation Committee consisting of independent members of the Board of Directors to launch an investigation with respect to the concerns of MaloneBailey.

JP Morgan will do the honors.

The Atlanta-based company is seeking loans as prices for the debt recover after four straight weeks of losses, which forced companies last week to cancel $3.12 billion of loan transactions for refinancings. The S&P/LSTA U.S. Leveraged Loan Index, which tracks the 100 largest dollar-denominated first- lien leveraged loans, rose 0.44 cent last week to 95.28 cents on the dollar on March 25.

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The following stocks were up 5%+ today and have more than 10% of their float sold short:

No. Ticker Short as % of Float % Change
1 GFRE 11.39 19.93
2 SHZ 60.20 17.45
3 VHC 12.60 16.75
4 GBE 11.70 14.39
5 WMG 10.70 13.08
6 CISG 25.35 12.87
7 REE 16.00 10.25
8 STRI 24.80 9.30
9 CVBF 21.00 9.14
10 SIFY 10.09 9.01
11 REFR 10.60 8.59
12 APRI 16.40 8.33
13 SOHU 12.80 7.93
14 MCP 22.70 7.58
15 UQM 11.20 7.17
16 JAZZ 22.50 7.10
17 DMD 11.20 5.92
18 BPAX 13.70 5.88
19 EDMC 12.30 5.80
20 NSPH 19.80 5.71
21 DNDN 12.10 5.71
22 SOMX 37.40 5.42
23 DEPO 12.70 5.42
24 ERII 13.80 5.26
25 AKS 15.70 5.19
26 LOGM 28.60 5.12
27 RBA 17.69 5.08

Data provided by The PPT

Chinese listed stocks are strong this morning. Here are the early winners.

1 CHGS Chinese Burritos 15.31
2 SHZ Chinese Burritos 12.74
3 SYSW Chinese Burritos 11.25
4 GFRE Chinese Burritos 10.69
5 NEWN Chinese Burritos 8.47
6 JADE Chinese Burritos 8.36
7 FXCM Chinese Burritos 8.18
8 XNY Chinese Burritos 6.74
9 JGBO Chinese Burritos 5.69
10 SOHU Chinese Burritos 5.58
11 DANG Chinese Burritos 5.57
12 XING Chinese Burritos 5.53
13 CISG Chinese Burritos 4.52
14 CNET Chinese Burritos 3.82
15 CHBT Chinese Burritos 3.59
16 SPU Chinese Burritos 3.46
17 YZC Chinese Burritos 3.31
18 FFHL Chinese Burritos 3.16
19 AMCN Chinese Burritos 3.05

odyssey, ticker OMEX, says they will find it this year. If they do, they get to keep 80%.

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Crack spreads are up 1.77% to $23.77 this morning.

US futures are rising. NASDAQ futures are 7 points above fair value, while S&P are up 2.

The dollar is off by 0.15% and commodities are flat.

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The NIKKEI is down a mere 40 and gains can be found everywhere in Asia, albeit small.

The standout is India, now up around 0.65%.

S&P futs are up 2. Crude is down .57.

Plutonium found in soil.

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The broader Topix is down more than 2% and TEPCO shares are “ask only” at record lows.

For the most part, other Asian markets are shrugging off Japan’s problems with most markets up to little changed.

Thugs with weapons alongside Syrian security. This is irrefutable evidence.

In his speech to the nation regarding Libya, Obama defended his actions, sounding almost exactly like former Preseident GW Bush. He furthered his intent to help Gadhaffi’s opposition in order to see regime change in Libya.

No word about the 1 million displaced in the Ivory Coast, thanks to their brutal civil war. Unlike Ivory Coast, Libya has lots of sweet crude.
Ivory Coast has sweet cocoa.

Sarcasm off.

developing…

Basically they are looking to get rid of the damn thing (myspace). It will be a merger of two losers, indeud.

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GMX Resources registers, (ticker: GMXR), to sell 2,268,971 million shares of common stock.

No. Ticker % Change
1 GSIC 50.67
2 OBCI 43.72
3 MSHL 41.73
4 SPEC 39.90
5 RURL 35.70
6 CRYP 32.91
7 TXCC 32.31
8 ASTM 19.00
9 IDSA 17.51
10 CAAS 15.42
11 ARII 14.79
12 STVI 13.70
13 EFOI 13.21
14 WYY 12.98
15 WAB 12.14
16 PKD 11.62
17 ONSM 11.02
18 KAD 10.71
19 IGOI 10.53
20 ZIV 10.22
21 ICLK 10.16
22 TGC 10.08

——————–
No. Ticker % Change
1 GBE -32.65
2 CBEH -28.72
3 RNN -23.40
4 FUQI -20.83
5 DYP -17.79
6 CISG -13.22
7 ANIK -11.98
8 WAC -11.38
9 OTIV -10.71
10 PRAN -10.49
11 YRCW -10.20
12 TIV -10.09

Just crossing the wires, SAC takes a passive 4.8% stake in AKS.

Spreads are now up 3% to $23.68.