A look beyond the drillers working North Dakota's Bakken field reveals many who see another big opportunity: building infrastructure.» Read More
ATHENS, Oct 3- Greece's central bank has decided to lower the capital adequacy requirement for the country's battered banks due to delays in their planned recapitalization as part of the country's foreign bailout, a Bank of Greece official said on Wednesday.
*Possible 1 bln euro earnings hit- Mediobanca analysts* Deal to be completed by year-end. PARIS/ ATHENS, Oct 1- Credit Agricole announced plans on Monday to pay Alpha Bank 550 million euros to take Greek lender Emporiki off its hands, on top of billions it already injected into the subsidiary during the country's slide into economic depression.
It looks like it may be a busy weekend for Williams Companies, its advisors and its board of directors as the company seems likely to move ahead with an offer to top Energy Transfer's latest $40-a-share offer for Southern Union, according to sources.
Energy Transfer Equity has agreed to pay a revised $5.1 billion for pipeline company Southern Union, increasing its offer in an effort to trump rival bidder Williams Cos.
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Stocks ended lower Friday with the Dow and S&P closing down for the seventh week out of eight amid continuing jitters over the euro zone debt crisis.
Stocks slumped with the Dow and S&P on track for their third-straight day of losses Friday as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
Stocks slumped across the board Friday, as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report.
Earlier this year, when Williams Companies approached Southern Union to talk about acquiring the company, the two sides didn't make much headway, say people familiar with the approach.
Williams bids $39/share for Southern Union and CNBC's David Faber has the details on the potential transaction, as well as a move for Southern Union from ETE.
Futures turned higher after several key economic news, but gains were limited after several major Italian banks declined sharply, triggering renewed worries over the European debt crisis.
While many are laying the blame for the last two days market turmoil (Dow up 125 points one day, down 175 points the next day) on Greece, it should be noted that this is a quadruple witching expiration week (the quarterly expiration of individual stock and index options and futures).