Will an M&A Boom Lift Sagging Markets?

By Zero Hedge on August 20th 2010

Via Pension Pulse.

Anupreeta Das and Gina Chon of the WSJ report, Deals Stage a Comeback:

Global
merger activity is sweeping to its highest levels since late 2009,
presenting a glimmer of economic confidence while the bond and stock
markets continue to price in a weakening U.S. economy.

On a day
of bleak jobless news and a 144-point drop in . . . → Read More: Will an M&A Boom Lift Sagging Markets?

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Daily Highlights: 8.18.2010

By Zero Hedge on August 18th 2010

Asia stocks rise for fourth day, bond risk drops on US output; Yen gains.
China doubles Korean bond holdings as Central Bank switches from US debt.
Germany’s Q2 GDP growth unlikely to continue : ZEW survey.
US govt will likely continue to play a role in guaranteeing mortgages: Geithner.
Vietnam devalues currency by 2.1% to boost exports as stocks approach . . . → Read More: Daily Highlights: 8.18.2010

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Daily Highlights: 7.30.10

By Zero Hedge on July 30th 2010

Asian stocks lower on Friday ahead of fresh growth numbers from the US.
Japan’s industrial prodn unexpectedly fell 1.5% in June on expectations of lower exports.
US close to Japan-style deflation, Bullard, a voting member of the Fed Reserve says.
Alcatel-Lucent swings to Q2 loss of €184M on a 2.4% decline in revs to €3.8B.
American Apparel shares fall as . . . → Read More: Daily Highlights: 7.30.10

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Exxon returning workers to Gulf after storm fades

By Stock Market News on July 25th 2010

HOUSTON, July 24 (Reuters) – Exxon Mobil Corp (XOM.N: Quote , Profile , Research ) was returning workers to offshore operations in the Gulf of Mexico on Saturday, as the threat from Tropical Depression Bonnie faded, a company spokeswoman said in a statement. Exxon had shut 900 barrels of oil production in the Gulf due to . . . → Read More: Exxon returning workers to Gulf after storm fades

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Drilling Moratorium Overturn Case Gets Weaker On Revelation Judge Feldman Sold Exxon Shares Hours Before Ruling

By Zero Hedge on June 28th 2010

The drilling lobby’s case to overturn the Obama moratorium on deepwater drilling just got materially weaker, as it has been revealed that Judge Martin Feldman, who had previously overturned Ken Salazar’s ban calling it “capricious“, sold shares of Exxon stock hours before he issued his ruling. Even though the disposed stock value is not too material, . . . → Read More: Drilling Moratorium Overturn Case Gets Weaker On Revelation Judge Feldman Sold Exxon Shares Hours Before Ruling

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