Oil Drives Up Stocks Amid Saudi Turmoil and Tech M&A Hopes
U S stocks gained modestly as crude prices surged to a two year high amid arrests in Saudi Arabia. Energy shares jumped while wireless carriers fell after merger talks soured. Disney and Fox assets eyed in talks. CNBC said deal discussions ended without agreement. Major indices edged higher.
MENTIONED IN THIS ARTICLE
New York
Uss
Saudi Arabia
U.S
Sprint
T-Mobile
SoftBank
Charter
At&t
Verizon
Twenty-First Century Fox
Disney
CNBC
Fox
Standard & Poor
Fed leadership turnover accelerates with Dudley retirement
Washington reports rapid Fed leadership changes as New York Fed President William Dudley announces retirement next year. President Trump taps Jerome Powell to succeed Janet Yellen as chair in February, while the vice chair seat and two additional board spots remain vacant.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
William Dudley
New York Fed
Fed
Donald Trump
Jerome Powell
Janet Yellen
Trump
Randal Quarles
Quarles
Stanley Fischer
Yellen
Broadcom makes 103 billion bid for Qualcomm
Broadcom launches an unsolicited 103 billion dollar offer for rival Qualcomm, a move that would create a dominant chipmaker with about 40 percent of the cell phone market and raise antitrust concerns. Qualcomm reviews the bid as analysts expect management to reject at 70 dollars per share.
MENTIONED IN THIS ARTICLE
New York
Broadcom
Qualcomm
Gartner
Intel
Samsung
Stifel
Kevin Cassidy
Stuart Carlaw
ABI Research
Apple
Canaccord
Michael Walkley
Women Business Owners Network to Meet for Freezer Meals
The Women Business Owners Network plans a 6 p.m. meeting on November 16 to prepare freezer meals using Wildtree Products. Hostess Cheryl Yagielo of Wildtree and Theresa Riddell of The Nelson Agency will be featured. Reservations require a fee. call Karen Cheshire at 440 986 3200 or visit whonlorain.org for details.
MENTIONED IN THIS ARTICLE
Women Business Owners Network
Wildtree
Cheryl Yagielo
Theresa Riddell
Nelson Agency
Karen Cheshire
Jrmovers. Net
Whonlorain.org
Disney in talks to buy Fox properties
Rupert Murdoch's 21st Century Fox reportedly discusses selling its movie and television studios to Walt Disney Co. CNBC notes Fox News would likely remain separate. The potential deal would significantly strengthen Disney as a media powerhouse.
MENTIONED IN THIS ARTICLE
Rupert Murdoch
21St Century Fox
Walt Disney Co
CNBC
Murdoch
Fox News
Disney
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the Market IN Review
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