As the Fed meets and earnings news rains down, the big question in the week ahead is whether the S&P 500 can manage a break out.» Read More
The European Commission has opened an in-depth investigation into the proposed takeover of Reuters Group by Canadian financial information company Thomson.
At CNBC we use -- among others -- a couple of primary business news wire services -- NewsEdge, part of Thomson, and Relegence, part of AOL.
Anglo-Dutch publisher Reed Elsevier is close to a deal to sell its U.S. education arm Harcourt to rival Houghton Mifflin Riverdeep for about $4 billion, people familiar with the situation said on Monday.
For the first time in French media history, the country's top two business newspapers La Tribune and Les Echos will not be published on Monday.
The Bancroft family will meet with Rupert Murdoch's News Corp. to discuss its $5 billion bid for Dow Jones, the Wall Street Journal reports. The family also said it would consider other bidders and options for the company which includes the Wall Street Journal.
Stocks ended the week mostly higher as strong economic data, soothing comments from Federal Reserve Chief Ben Bernanke and continued M&A action kept buyers in the market. The Dow Jones Industrial Average closed the week with gains of 1.7% while the S&P 500 traded up 1.1%. Both indexes closed higher for the seventh straight week. Not so for the Nasdaq, however, which fell 0.2%.
Stocks closed mixed for the second straight session but the Dow closed at a record high on tame inflation data. "Any time we get a number that shows less inflation and indicates interest rates may come down, that has a positive effect on the market," said Ted Weisberg, president of Seaport Securities.
Reuters Chief Executive Tom Glocer told CNBC that the planned $17.23 billion merger with Thomson of Canada would help both companies compete in a vastly changed media environment
Canadian publisher Thomson could announce a deal to buy Reuters Group for about $17.24 billion in cash and stock as early as Tuesday, the Wall Street Journal reported on its Web site.
Stocks closed the week mixed as profit-taking and Fed-driven volatility created seesaw trading action in the major indexes. The Nasdaq posted a weekly decline of 0.4%, the S&P 500 ended flat and the Dow Jones Industrial Average rose 0.5%.
Thomson, which is in talks to buy Reuters, has agreed to sell its education assets for about $7.75 billion in cash, the Canadian publisher said on Friday.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
Stocks recovered from earlier losses to close near the unchanged mark as investors took positions ahead of tomorrow's Fed meeting. "Investors are basically still cautious despite this big run and although we're very overbought, I think the fact that we could get this overbought is bullish in itself," said Bruce Bittles, chief investment strategist at Robert W. Baird.
Here's our update of facts and figures for today. We'll start with the trivia questions. The video is worth $2,000 Bonus Bucks: Thomson reported today that it was in talks with Reuters over a potential merger. How much would the deal be worth? Your selection of answers is: Answer: $17.6 billion. Your selection of answers is: $17.6 Billion or $22.4 Billion or $20.3 Billion or $32 billion.
Here are today's trivia questions. The video is worth $2,000 Bonus Bucks: Thomson reported today that it was in talks with Reuters over a potential merger. How much would the deal be worth? Your selection of answers is: Answer: $17.6 billion. Your selection of answers is: $17.6 Billion or $22.4 Billion or $20.3 Billion or $32 billion. And the news question is worth $1,000 Bonus Bucks: According to the latest National Federation of Independent Business index, what percentage of owners reported unfilled job openings? Your selection of answers is 8% or 19% or 26% or 43%.
The potential merger between financial data provider Thomson and news service Reuters move a step closer Tuesday, as the companies provided details for a deal worth about 8.8 billion pounds ($17.6 billion).
Electronic publisher Thomson confirmed on Monday that it has approached Reuters Group regarding a potential takeover of the financial data and news company.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Stocks wrapped up another record week as potential merger deals pushed the major markets higher. "The market responded very well this week to the raft of mergers and acquisitions announcements and private equity deals," said Quincy Krosby, chief investment strategist at The Hartford.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.