Honeywell International said it would buy the utility consumption meter business of Melrose Industries for 3.3 billion pounds ($5.14 billion).» Read More
Futures slipped Tuesday following a sharp rally in the previous session and as investors stayed cautious ahead of a key vote in Slovakia to expand the euro zone rescue fund.
Stocks surged in the final minutes of trading to close at session highs Monday, led by banks, amid optimism that France and Germany's pledge would help resolve the euro zone debt crisis and rescue the region's struggling financials.
Futures were sharply higher Monday, tracking gains in Europe where investors were encouraged by German and French promises to unveil new measures to combat the debt crisis in the region by the end of the month.
Despite a failed attempt at the end of Friday's session to close the week out on a positive note, stocks finished higher on some tepid signs of recovery for the US economy.
Futures rebounded, erasing their early losses Friday following a stronger-than-expected monthly government payrolls report.
Stocks finished at session highs Thursday, logging a three-day rally led by financials, after the ECB announced new liquidity measures to support banks in the euro zone and as investors waited for the crucial monthly non-farm payrolls report at the end of the week.
Futures turned negative Thursday following ECB's President Jean-Claude Trichet's grim economic outlook at a news conference after the bank's Governing Council left its benchmark interest rate unchanged at 1.5 percent.
Computer buffs and admirers of technology rushed to Apple shops from New York to Australia on Thursday to mourn Steve Jobs, praising him as a visionary who transformed the daily activities of countless millions.
Sony has secured financing from Abu Dhabi’s investment fund for EMI as second-round bids for the UK music company came in before a deadline last night, people close to Citibank’s $3.5bn-$4bn auction said. The FT reports.
“He was the most passionate leader one could hope for, a motivating force without parallel,” wrote Steven Levy, author of the 1994 book “Insanely Great,” which chronicles the creation of the Macintosh. “Tom Sawyer could have picked up tricks from Steve Jobs.”
The “Fast Money” traders discuss how likely such a deal is, and whether either stocks are a buy.
Stocks rallied sharply in the final minutes of trading to finish near their highs in another volatile session Wednesday, buoyed by a handful of better-than-expected economic news and amid optimism over the euro zone.
Four companies are rumored to be interested in buying Research In Motion, the "Fast Money" traders said, but how likely is such an acqusition?
Futures pared some of their gains ahead of the open Wednesday, even after a better-than-expected private sector employment report and despite optimism that a solution will be found to protect Europe's banks from the effects of the Greek crisis.
Stocks rebounded during the final hour of trading in a roller coaster ride on Wall Street Tuesday, following a report that EU finance ministers are examining possible ways to recapitalize banks and after Fed Chairman Ben Bernanke said he is prepared to help the economy.
The global economy may look ugly from the outside, but internally there are signs of life, particularly in deal making and lending.
Futures declined Tuesday amid growing concerns that the threat of a Greek default will lead to another banking crisis in Europe.
Stocks kicked off the new month and quarter with a thud Monday, led by financials, as worries over Greece continued to spook investors and overshadowed a pair of better-than-expected economic news. The Dow and S&P closed at their lowest levels in over a year.
Futures slipped Monday as European shares tanked following news that Greece will miss a budget deficit target for this year that was set only months ago.