Stock Market Briefs: Citigroup, Oracle, Cadbury, Microsoft, Apple

• This morning’s reports say the Government of Singapore Investment Corp has reduced its stake in Citigroup (C) to less than 5% through open market sales
• The CEO of Cadbury (CBY) noted “complementary elements” of Kraft (KFT) and Cadbury, but said he would still advise rejecting the deal at the current $16 billion bid
• Oracle’s (ORCL) CEO noted dangers of the European regulatory delay of its proposed $7 billion acquisition of Sun Microsystems (JAVA), saying Sun Micro is currently losing about $100 million a month
• AMR (AMR) announced a 30 million common and $250 million convertible senior notes offering
• Louisiana-Pacific (LPX) said it is planning a public offering of 18 million shares of its common stock
• TJX (TJX) said its board approved a $1 billion share buyback, reflecting 6.2% of the company’s outstanding shares
• Microsoft’s (MSFT) Bing search engine managed to grab more share from Google (GOOG), reaching 9.3% of market share in August, according to reports
• Harbinger Capital Partners said it sold 5 million shares of its total stake in the New York Times (NYT), reducing its stake in the New York Times to 16.38% from 19.94%
• Credit Suisse (CS) downgraded Dell (DELL) to “neutral” and advised adding to positions in Hewlett-Packard (HPQ), Apple (AAPL) and EMC Corp (EMC). The analyst raised concerns of Dell’s risky acquisition path

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