Five Dumbest Things on Wall Street: Nov. 13
Irregular Regulators
NEW YORK (TheStreet) -- We've seen plenty of hostile corporate takeovers over the years. But the escalating battle between international regulators over the pending Oracle(ORCL)-Sun Microsystems(JAVA) deal is a new twist even for us. The European Commission, which formally objected to the $7.4 billion merger on the grounds that it could hurt competition in the database market, called out the U.S. Justice Department Tuesday. The cause of EC's displeasure was a curious statement by the U.S. regulator reaffirming its August decision to allow the merger.![]() |
Dumb-o-meter score: 95 -- It's like going to a hockey game and seeing a fight break out -- among the referees. TheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 12,772.96 | 1,340.83 | 2,905.90 | 19.81 |
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