Monday, April 12, 2010
U.S. stock market tentatively up before Alcoa
U.S. STOCK MARKET TENTATIVELY UP BEFORE ALCOA
The Dow Jones Industrial Average opens above 11,000 for the first time
since September 2008 amid optimism over the upcoming earnings season
and confidence in the global economy.
PALM JUMPS ON MORE BUYOUT TALK
Shares of Palm Inc. rallied on Monday on reports that the hard-hit
tech firm has hired investment bankers to get bids for the company as
early as this week.
PALM FUELED BY RUMORS, BUT PRICE WOULD BE HIGH
Palm Inc. has seen its shares get a serious bounce this week as
takeover rumors have sparked trading in a stock that had slumped to
its lowest level in more than a year.
RRI ENERGY, MIRANT RALLY ON $3 BILLION MERGER
Shares of Mirant and RRI Energy surged to double-digit percentage
gains, rallying as the companies agree to a stock-swap merger that
would create a combined entity with electricity-generating assets
nationwide.
EUROPE STOCKS EDGE BACK; GREEK LENDERS RALLY
Stocks in Europe edge slightly lower Monday, as more details of a
potential backstop for Greece helps banks rise, while the media and
metals sector loses ground.
