The FTC approves the sale of Family Dollar to Dollar Tree pending the sale of 330 stores.» Read More
The mystery bidder that engaged in talks with the New York Mets during David Einhorn’s exclusivity period is former Glencore International trader Ray Bartoszek, according to a person familiar with the matter.
So the Department of Justice today came out and said that calling AT&T-Mobile your beloved service provider may be but a dream. AT&T will no doubt put up a strong fight, what with its five law firms, four banks, and two public relations firms on retainer—not to mention a heavy lobbying presence in Washington. But in the meantime, let’s look at who’s coming away with what.
Futures were near flat Thursday after news weekly jobless claims declined as expected and non-farm productivity was weaker than previously thought in the second quarter.
Although the DOJ said its door is open for counter-proposals from AT&T regarding the department's decision to protest a merger between AT&T and T-Mobile, a high ranking DOJ official said on Wednesday there's a "pretty high hurdle" for approving the merger.
Stocks finished higher in volatile trading Wednesday to mark a four-day rally, but despite the recent gains, all three major indexes still logged their worst month since last May. The major averages also logged its worst August in 10 years.
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With the government seeking to block AT&T's deal to buy T-Mobile, investors were scrambling Wednesday. Find out where the Fast traders see opportunity.
Futures held their gains Wednesday even after a report that the private sector hired fewwer workers than expected. Investors were encouraged following news that President Obama suggested the White House had a range of policy options that could create up to a million new jobs.
Kurdistan-focused explorer Gulf Keystone Petroleum has denied merger speculation, as interest in the oil-rich region of Northern Iraq heats up.
Stocks staged a late-day rally in light, choppy trading Tuesday, following the latest Fed meeting minutes, which showed officials debated a third round of asset purchases to stimulate the economy and after investors shrugged off a disappointing consumer confidence report.
Futures were lower Tuesday even after a report that said home prices gained for the third straight month in June. Investors also waited for a key consumer confidence report later today to provide a greater indication of the state of the U.S. economy.
Stocks closed near session highs Monday, fueled by a merger between two big Greek banks, a better-than-expected personal spending report and as the damage from Hurricane Irene over the weekend was less than feared.
Battered by a weak economy, the nation’s biggest banks are cutting jobs, consolidating businesses and scrambling for new sources of income in anticipation of a fundamentally altered financial landscape requiring leaner operations, the New York Times reports.
Futures gained Monday, following a better-than-expected personal spending report and after a worst-case scenario was avoided over the weekend as the East Coast was hit by hurricane Irene.
Stocks finished higher in a volatile session Friday after after Bernanke's speech raised hopes that the Fed may consider further stimulus measures to boost the economy during an extended policy meeting next month.
Futures extended their losses Friday following a weaker-than-expected second quarter GDP report and as investors cautiously waited for Bernanke's speech at a banking conference in Jackson Hole, Wyoming.
Stocks closed near session lows Thursday, reversing three days of gains, as investors remained cautious ahead of Bernanke's Jackson Hole speech on Friday.
The visionary behind the iPod, iPhone and iPad was considered a brilliant but ruthlessly efficient manager, but Steve Jobs was never a force for deal making, The New York Times reports.
Futures turned positive Thursday, as Berkshire Hathaway said it will invest $5 billion in Bank of America. Futures had been under pressure all morning after weekly jobless claims gained more than expected and following news that Apple CEO Steve Jobs announced his resignment.
A fresh recovery is driven by a combination of changing asset allocations at Western institutional investors, who are rethinking their attitudes to alternative asset classes and emerging markets.