S&P Rebalancing this Friday...

S&P rebalance - The quarterly share rebalance for the S&P 500, S&P MidCap 400, S&P SmallCap 600 Indices will take place at the close of business Friday, June 18, 2010.

BP Update....

BP Plc. (BP). The oil major said on Monday the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming days.

Blockbuster moves closer to Bankruptcy...

Blockbuster (BBI). The movie rental chain is in talks with bondholders to get a $150 million debtor-in-possession loan, a sign it could be closer to seeking Chapter 11 protection, the WSJ reported on Friday.

Apple - HTC battle heats up....

Apple Inc. (AAPL). A U.S. trade panel will investigate allegations made by HTC Corp that the company infringes its technology, as HTC seeks to win a ban on the U.S. sale of iPhones, iPads and iPods.