Stocks in New York flirted with the flat-line all day Monday after a mega merger announcement between cholesterol-drug teammates
failed to spark the markets, but it did push both companies onto
top ten most searched stocks list.
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Merck was one of the weakest
components, after it proposed a $41 billion cash-and-stock deal, offering Schering Plough shareholders 0.5767 of a Merck share and $10.50 in cash for each of their shares. Schering's have surged almost 20% higher.
Next on stock search, a few stem-cell stocks were highly searched on Monday as President Obama was set to sign an executive order that would reverse restrictions on stem cell research.
surged over 20% and 50%, respectively.
Drug mergers dominated the news, but the banking sector was not forgotten as
became the latest bank to
. The company said that scaling back to 5 cents a share from 37.5 cents will preserve more than $500 million in capital annually.
Other banks heavily searched on Monday included
dividend on Friday, as well as
JP Morgan Chase
Bank of America
Speaking of Wells Fargo, the bank is a holding of another most searched stock
. Warren Buffett's lengthy appearance on CNBC's Squawk Box program drove up interest in his holding company, lifting it onto the list.
Finally, a merger gone sour is back in the headlines sending both companies back on the most searched stocks list. Over the weekend,
Rohm & Haas
said that they have been negotiating the terms of the $15 billion merger between the two firms.
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Before joining TheStreet.com, Gregg Greenberg was a writer and segment producer for CNBC's Closing Bell. He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds. Greenberg attended New York University's School of Business and Economic Reporting. He also has an M.B.A. from Cornell University's Johnson School of Business, and a B.A. in history from Amherst College.