Stocks Open Lower On European Slowdown
By The Associated Press
Stocks fell early Thursday as a slowdown in Europe overshadowed a flurry of mergers in the U.S.
Germany's economy shrank in the final three months of last year. The slowdown in Europe's largest economy deepened the recession across the region. That pulled down European stock markets.
American Airlines and U.S. Airways have agreed to combine in an $11 billion deal that creates the world's largest airline. Ketchup maker H.J. Heinz is selling itself for $23 billion to an investment group that includes Warren Buffett. That acquisition follows another $20 billion deal earlier this month â¿¿ Dell Computer's move to take itself private.On the jobs front, the government reported that the number of people seeking unemployment benefits fell by 27,000 last week, an indication that hiring could improve.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV