Mid-Day Minute - Sept 28
Dollar's Rebalancing Woes; Deals Boost Stocks; Investors Sue BofA
U.S. dollar seen caught in G20 meeting's crosshairs
A pledge from Group of 20 leaders to bring the global economy back into balance is not seen as good for the dollar in the long run, underscoring its anemic performance in recent weeks. Read Full Article here.
M&A activity lifts markets as Q3 nears close
U.S. stocks surged on Monday, as several merger deals bolstered investor confidence following three straight days of losses. Read Full Article here.
BofA, execs owe billions in lawsuit, Ohio says
Investors in a class-action lawsuit against Bank of America Corp over the Merrill Lynch & Co takeover are trying to collect billions of dollars in damages, Ohio's attorney general said on Monday. Read Full Article here.
Xerox to buy ACS to expand back office services
Xerox Corp plans to buy Affiliated Computer Services Inc for $5.4 billion following Hewlett-Packard Co into the fast-growing outsourcing and data center management businesses. Read Full Article here.
Abbott, J&J to bulk up in Europe, vaccines
U.S. healthcare companies Abbott Laboratories and Johnson & Johnson announced deals worth almost 5 billion euros ($7.3 billion) with European rivals on Monday, aimed at securing vaccines and other products key to future growth. Read Full Article here.
Heavy lifting ahead for Obama on diplomatic agenda
After his efforts at diplomacy on the international stage last week, President Barack Obama faces some particularly daunting foreign policy decisions about the Afghan war, a nuclear Iran and an elusive Middle East peace. Read Full Article here.
Opera urges EU exec not to rush Microsoft case
Norwegian browser maker Opera urged European Union antitrust regulators on Monday not to rush to close its antitrust case against Microsoft before ensuring a level playing field among browsers. Read Full Article here.
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