U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands.» Read More
As the bulls and bears fight it out on Wall Street, analysts say investors would be wise to look for value beyond the fray.
Vulcan Materials, a maker of highway construction materials, on Monday said it agreed to buy Florida Rock Industries in a cash and stock deal worth around $4.6 billion.
Stocks are waffling on the opening and look set to open flat to lower. Traders are picking through headlines on mergers and earnings news, including weaker-than-expected results from Home Depot. Wal-Mart also reported profits this morning, and merger news is making headlines as Wall Street reviews the long awaited marriage of Sirius and XM Satellite radio, announced yesterday.