Stocks open on a positive note
2008-04-28 15:31:24 (GMT) (Caymanmama.com - Business News)London: On Monday, stocks saw a high position with the Wrigleys $22 billion deal, yet the investors were acting cautiously before this week’s Federal Reserve meeting. At 5:30 AM, NASDAQ, ET and S and P saw a raise in their stocks in a comparison to that of this week’s stocks. Investors are expecting that Federal will lower the rates at the end of two days meeting on Wednesday. However, according to economists, central bank will keep the rates steady so as to keep the inflation under control.
On Tuesday, consumer confidence report comes out and on Thursday, one will see the release of income and spending report. On Friday, one will see the government’s monthly jobs report.With the price of the oil prices that have arose to $120 per barrel, it is a record high. According to a major news, Warren Buffett’s Berkshire Hathaway and Mars are planning to buy chewing gum giant Wm. Wrigley Jr. for $22 billion.
On Saturday, Microsoft’s deadline for the bid to takeover Yahoo passed on without any announcement from both the sides. This means that the three month battle among Yahoo and Microsoft will soon turn hostile. At this weekend, Continental Airlines said that it is not pursuing merger with another carrier.
CaymanMama.com - Press Release Distribution Service
Comments
Articles
- Pakistani youth deprived of recreational facilities
- How to Identify a Brain Injury
- Bluetooth technology: Revolutionized
- Color card printing best for business promotion and personal use
- What is Depression?
- Brochure Templates made easy with PrintPelican.com
- Flyers as best marketing tool for business enterprise
- Who uses an RSS Feed?
- A guide to personal injury claims
- DVD versus HD/DVD
