Market snapshot shows price shifts amid thin volume
A brief market summary notesNasdaq and other indices moving modestly as traders weigh economic signals. The report highlights small gains in several sectors and cautions about volatility ahead of upcoming data releases.
EchoStar bids $32 billion for Hughes Electronics
EchoStar Communications offered a bear hug unsolicited stock swap valuing Hughes Electronics at about 23 dollars a share, aiming to buy Hughes DirecTV and rival News Corp. EchoStar CEO Charlie Ergen said a merger would create a 56 billion company and broaden broadband for rural areas, while GM and News Corp discussions continued.
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Littleton, Colo
EchoStar Communications Corp
Hughes Electronics Corp
News Corp
Directv
General Motors Corp
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Charles W. Ergen
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New York Stock Exchange
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Steve Harris
Charlie Ergen
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