General Electric to buy UK’s Sondex for $583 million: Reuters Business News - MSN Money
General Electric whose interests span technology media and financial services will pay 460 pence a share for Sondex which designs makes and markets electro-mechanical based equipment for oilfield service companies. That is 35.5 percent above Sondex’s closing share price on August 30 the day before it announced takeover talks.

September 3, 2007 @ 9:05 AM · Filed under Uncategorized
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Stocks cool off after rally yen subdued: Reuters Business News - MSN Money
Merger news was expected to help European stocks extend recent gains with indexes in Britain Germany and France seen opening firmer. Gaz de France and Suez have unveiled revised terms of an 18-month-old merger plan.

September 3, 2007 @ 9:05 AM · Filed under Uncategorized
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Market can heal U.S. subprime crisis: U.S.’s Lazear: Reuters Business News - MSN Money
I believe and the I think the president believes that markets are very good at finding their ways to solve problems ” said Lazear the chairman of the White House council of economic advisors. U.S. President George Bush proposed measures on Friday to prevent homeowners from defaulting on mortgages.

September 3, 2007 @ 9:05 AM · Filed under Uncategorized
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