- New-Home Sales Jump to Highest Level in Over Year
- Consumer Mood Improves, but Anxiety Over Finances
- Claims Level Suggests End to Job Losses
- Airlines Hit With Penalties for Stranding Passengers
- Jobless Claims Below 500,000, Durable Orders Slip
- US Said It Will Reduce Emissions by 17% by 2020
- Garlic Price Rises Surpass Gold, Stocks in China
- Judge Erases Couple's $525,000 Mortgage Payment
- Black Friday: Can Banks Tap the Frenzy, Too?
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- S&P Stocks Trading at New 52-Week Highs
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Treasury On Mortgage Modifications
- Blue Jeans Expected to See Another Green Christmas
- Investors Thankful for Gains This Year
- Thanksgiving & the Markets
MOST SHARED
- Ritz-Carlton ?Struggling? in the US: President
- Garlic Price Rises Surpass Gold, Stocks in China
- Half of Banks' Losses May Still Be Hidden: IMF Head
- New-Home Sales Jump 6.2% To Highest Level in Over Year
- Oil Price to Average $75.40 in 2010: Poll
- Jobless Claims Below 500,000, Durable Orders Slip
- Americans Ditch Planes for Trains this Thanksgiving
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Consumer Mood Improves, But Anxiety Over Personal Finances
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Futures swung to indicate a positive open for Wall Street on Monday, riding a wave of merger and acquisition activity and despite stocks in Europe and Asia falling.
In M&A news, Xerox [XRX
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] announced it would buy Affiliated Computer Services [ACS
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] in a deal valued at $6.4 billion, as it seeks to expand beyond its core document management business. Xeros shares fell 5 percent in premarket trading.
Belgian drugs, chemicals and plastics maker Solvay said it would sell its drugs unit to U.S. partner Abbott Laboratories [ABT
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] for $6.6 billion in cash and reinvest in chemicals and plastics.
Johnson & Johnson [JNJ
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] bought an 18 percent stake in Dutch biotech company Crucell for $444 million as part of a flu vaccine development deal.
Kraft [KFT
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] may launch a hostile bid for Cadbury valuing the UK confectionary business at around $17.6 billion, a report in The Observer newspaper said.
In a separate interview with the Sunday Times, Kraft CEO Irene Rosenfield said Cadbury CEO Todd Stitzer had failed to "do the math quite accurately" after he claimed Cadbury's own growth strategy would deliver superior returns compared to Kraft's cash and stock offer.
The dollar fell to an 8-month low against the yen in early hours after Japanese officials initially waved off any plans to stem the yen's rise. But later, Finance Minister Hirohisa Fujii said that he never approved of a strong yen.
In other corporate news, Bank of America [BAC
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] has suspended its current commitments to ACORN Housing, an affiliate of Community Organizations for Reform Now (ACORN), a scandal-hit U.S. liberal grassroots group, the Wall Street Journal reported.
Goldman Sachs [GS
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] confirmed earlier reports that it plans to recruit up to 200 people for its asset management business on Sunday.
On the economic front the Chicago Fed national activity survey is out at 8:30 am New York time.
- Here's how key provisions of the health care reform bill would impact your insurance and how you'll pay for it.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- Remember when auto shows were major events where new models could generate buzz?
- After nine years the NBA’s minor league equivalent is finally coming into its own.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes