Ackman gets not penny for penney but loses half billion.Och!
Merger between exchanges BAT and Direct Edge.If goes though it replace Nasdaq as number two exchange.Poor Nasdaq it had bad week and computer breakdown shut market down for awhile.Maybe more merger for exchanges,for it wasn't that long ago the New York Stock Exchange was going to be taken over by a German exchange but the EU authorities did not ok deal.New York exchanges might faces problem if any Democrats running for mayor get elected.For they are left-wing loons who are economy idiots.
Housing prices went up 12 percent,however,many a slowdown in housing is in the works.Durable goods order down 7.3% in July.
Amgen will buy out Onyx.Amgen patents are going ran out and Onyx big on new drug to fight Cancer.
Surprising wise words from Oliver North,he said Obama should read Barbara Tuchman's excellent book,"The Guns of August" of course,it's how World War was started,by accident and miscalculation and this deals with Syria today!
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