Plains Exploration & Production EYES BP Assets and 2 Morning Hot Stocks Trading Today

According to calculations by Reuters, every Chevrolet Volt that General Motors (NYSE:GM) builds incurs a whopping $ 49,000 loss. The loss would reduce if GM could ramp up production volumes but the hitch is that competitors are doing better with their sales of electric and hybrid cars.

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According to the New York Post, brokerage Morgan Stanley Smith Barney could be valued at $ 15 billion by a consultant, which is roughly midway between the valuation of $ 22 billion sought by Seller Citi (NYSE:C) and buyer Morgan Stanley’s (NYSE:MS) view of $ 9 billion.

Plains Exploration & Production (NYSE:PXP) which has a market cap of $ 5.2 billion, may buy assets in Gulf of Mexico oil fields from BP (NYSE:BP) for a reported $ 7 billion, as the latter attempts to meet its target to sell $ 38 billion in assets to pay for its liabilities from the 2010 oil spill disaster. BP has already clinched sale deals worth $ 26.5 billion.

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