At 9:15 a.m. EST the
futures finished the
session up 7.40, more than 3 points over fair value, indicating a positive open.
European bourses were generally higher at midday.
Asian markets closed mixed as Japan's
dumped 34.07 to close at 14,465.18, while Hong Kong's
rose 92.65 to 9599.55.
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Specialty chemical firm
Rohm & Haas
has agreed to buy
for $4.9 billion.
thinks the chemical stocks are dying to please the Street.
New England Electric System
will pay $634 million for Boston-based
Eastern Utilities Associates
. New England Electric itself is being acquired by the U.K.'s
National Grid PLC
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this week is expected to announce that it will eliminate as many as 600 jobs at its plant in Cork, Ireland, according to
The Sunday Business Post
intensified its presence in the local phone service market by signing a deal that will allow it to provide phone service over
cable systems in 33 states. Separately,
CEO Peter Bonfield told
The Sunday Times
that BT and AT&T are mulling over a possible alliance between their mobile phone operations.
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The Gauls have joined the European banking consolidation movement in a big way. France's
has agreed to buy
for about $18.2 billion, the resulting entity to rival
for the position of Europe's second-largest bank in terms of assets.
announced that it will buy the U.K.'s
Guardian Royal Exchange
for about $5.6 billion. This morning
reported on the new European mergers.
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a $1.7 trillion budget for the year 2000.
The impeachment trial proceeds today as
34-19 in last night's soporific
, with Elway earning most valuable player honors.