The private equity surge continues. About $60 billion in mergers and acquisitions deals just in the U.S. have been announced this morning. Apollo Management alone is involved in two of the four deals. The only buyout not involving a PE firm was an aggressive bid by Express Scripts for Caremark Rx – which was already entertaining a bid from CVS. CNBC’s Melissa Lee reported the story on “Squawk on the Street.”
Chairman, President and CEO Jay Allison and a few other executives from Comstock Resources rang the opening bell at the New York Stock Exchange this morning. The oil and gas exploration company is up 25% over the past three months and 7% just this week. Allison talked about his company and gave “Squawk on the Street” his predictions for oil and natural gas prices in 2007.
If you’ve owned Bear Stearns or Lehman Brothers for any length of time, your investment has probably been a good thing - but today a somewhat different tale. What’s the "story"? - CNBC's David Faber explained in this morning’s “Faber Report.” According to Faber, Bear Stearns is looking pretty good after it reported earning-while Lehman is a different story.
Taco Bell President Greg Creed appeared on “Squawk on the Street” with Mark Haines and Melissa Lee this morning. He was touting new evidence from the U.S. Center for Disease Control and the Food and Drug Administration that shows the culprit in the latest e. coli outbreak was the lettuce supply and not the suspected green onions.