A lower open is expected Monday at Wall Street based on the US stock index as futures for the Dow Jones and S&P500 went down by 0.44 and 0.52 percent respectively. Nadaq 100 futures decreased by 0.35 percent
Stocks in Europe declined by 0.7 percent as bank shares decreased and anxiety due to the debt crisis continues. A number of European countries may be forced to request for help from the IMF or the EU to fight off the financial crisis.
DuPont (NYSE:DD) may acquired Danisco (CPH:DCO) at a price tag of $5.8 billion while talks between Sanofi-Aventis SA (EPA:SAN) and Genzyme Corp (NASDAQ:GENZ)) moved nearer to a positive conclusion.
A $10.9 billion offer by Johnson & Johnson (NYSE:JNJ) was declined by Smith & Nephew (LON:SN) while iGate (NASDAQ:IGTE) is set to purchase a major stake in Patni Computer Systems (NYSE:PTI) for $862 million.
An agreement between Duke Energy Corp (NYSE:DUK) and Progress Energy Inc (NYSE:PGN) is nearly final which will give rise o the biggest power firm in the US
A consortium of equity firms including the Apollo Global Management (NASDAQ:APOL) have shown interest in acquiring Sara Lee Corp (NYSE:SLE).
Oil prices increased by $2 almost hitting the $90 mark following the shutdown of a pipeline in Alaska as global trade surplus of China became smaller for the second year in a row.
A court ruling caused US stocks to decline as investors moved away from bank shares and an uninspiring jobs report came out.
The Dow Jones (INDEXDJX:.DJI) declined by 0.19 closing at 11,674.76. The S&P 500 index (INDEXSP:.INX) closed at 1,271.50 for a 0.18 percent decrease while the Nasdaq Composite(INDEXNASDAQ:.IXIC) closed 0.25 percent lower at 2,703.17.
