Australia's competition regulator has granted Virgin Australia approval to take control of loss-making rival Tiger Australia in a move that will ramp up competition for Qantas Airways.» Read More
Japan's Nikkei average edged lower on Thursday, after posting the biggest jump in two months the day before, as worries over an escalation of violence in Egypt nudged investors towards safer assets, offsetting strong U.S. jobs data.
Asian stocks mostly traded to the downside on Monday, after a lackluster U.S. job report drove Wall Street lower Friday, but trading volume was light with Japan markets closed for a public holiday.
Asian markets closed mixed on Wednesday following a broad commodities selloff but losses were limited as stronger-than expected U.S. factory data lent support.
Stock index futures pointed to a lower open for Wall Street on Monday following European markets down at the start of a week which sees the wave of earnings reports slow down as investors focus on a meeting of G-20 leaders which will address currency policies.
U.S. stocks are heading lower this morning as oil prices climb on OPEC developments. Today's headlines from OPEC, brokerage profits, and takeover activity will all get attention but stocks are looking for direction as a year of strong gains begins to wind down. Asian stocks closed higher, with Japan at a seven month high on the weakening yen. European stocks are higher.
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...
Two private equity firms--Texas Pacific and Silver Lake Partners--have gobbled up Sabre Holdings in a $5 billion dollar deal. The transaction is expected to close in the second quarter of next year. It is yet another feather in the cap of Texas Pacific--which has become on the biggest and most active players in the entire private equity world.