WSJ.com’s inside look at the markets Shares of ImClone Systems surged roughly 40% in premarket trading after Bristol Myers Squibb said it had written ImClone’s chairman — that’s Carl Icahn — and offered to acquire the drug company for $60 a share. ...
Could declining commodity prices be a major theme for the markets in the third quarter? Crude-oil futures are dropping like a stone this morning amid a strengthening dollar and some easing of concern that Iran is edging closer to an imminent military ...
Did investors get a little too carried away last week when they beat the stuffing out of Zions Bancorp? Thursday, shares of the regional lender plunged 15% afer Zions said that it had raised $46 million in a $150 million total preferred equity private ...
WSJ.com’s inside look at the markets Living through the subprime mortgage crisis in real time has been horror enough for most investors, but events unfolding in Russia may lead some investors to wonder what unintended consequences from the credit ...
Francisco Blanch, head of global commodities research at Merrill Lynch, writes in a note to clients this morning that the oil market is still trying to find a point where high oil prices begin to chew into demand. “The limited supply of jet fuel and ...
Will investors continue tossing aside Treasurys and picking up stocks as they did on Thursday? Friday’s early market moves suggest they might. Stock-index futures are stronger even amid a relative lack of new earnings reports and no new major economic ...
WSJ.com’s inside look at the markets Are Wall Street’s giants finally running out of kitchen sinks? That seems to be the feeling this morning after Citigroup, whom some analysts believed could roll out upwards of $17 billion in credit-related ...
Bear Stearns shares surged Monday following a report in The New York Times that J.P. Morgan Chase is nearing an agreement to quintuple the price that it agreed last week to pay for Bear to $10 a share. The move is aimed at mollifying angry Bear ...
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