Valeant leaps on reported Bausch & Lomb deal
LOS ANGELES (MarketWatch) — Shares of Valeant Pharmaceuticals leapt in midday trading Friday after the Wall Street Journal reported that the company was in talks to buy eye-care company Bausch & Lomb for billion. Citing unnamed sources, the Journal reported that a deal could be struck as early as next week, though it was tentative and could still fall apart. Owned by private-equity firm Warburg Pincus LLC, Bausch & Lomb had been looking to sell itself last year, then earlier this year decided to embark on a public offering. Shares were up 10.5% in recent action to .46.
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New Caledonia Inflation Rate
The inflation rate in New Caledonia was recorded at 1.40 percent in April of 2013. Inflation Rate in New Caledonia is reported by the Institute of Statistics and Economic Studies. Historically, from 1994 until 2013, New Caledonia Inflation Rate averaged 1.71 Percent reaching an all time high of 3.87 Percent in July of 2006 and a record low of -0.34 Percent in June of 1999. In New Caledonia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page includes a chart with historical data for Inflation Rate in New Caledonia.
NYSE Short Circuit post Aberrant Regulation. How’d you like them Apples?
Aberrant : Latin – aberrant, aberrans, present participle of aberrare – to go astray, to wander, to err. Remember this word as we shall be seeing a lot of in the not so distant future. Now combine this word with TRADES…..are you beginning to see the picture? ABERRANT TRADES – Trades that took place but had “gone astray”….Trades that exist in cyberspace, yet trades that will not be part of the “public record” for the sake of daily hi/low, 52 week hi/lo, daily calculation of NAV for
US senators raise flag over SoftBank’s Sprint bid
The political opposition does not appear to represent a threat to the deal, but the statements will increase pressure on the White House
Germany Must Spread Energy Costs More Fairly
The International Energy Agency says high prices resulting from the subsidized drive into renewables are withering public support
Bet against Treasuries at your own risk
Inflation, the prime enemy of fixed rate debt, is falling, and that makes Treasury yields look a lot better when lumped together in a beauty contest with other major government bond markets
Fannie Mae, Freddie Mac common shares both up 33%
WASHINGTON (MarketWatch) — The surge in the over-the-counter common shares of Fannie Mae and Freddie Mac continued Friday, with Fannie Mae and Freddie Mac both up 33%. Over the last three months, Fannie is up 892%, and Freddie is up 822%. Both mortgage-buying giants are under government conservatorship, and all their dividends go to the U.S. Treasury.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
FX Return Analysis
The dollar was the notable under performer last week, losing ground against 6 out of 10 of the majors. This is a sharp reversal of fortune from the week prior when it was higher against all G10 currencies. Risk aversion gripped the markets last week, and this was reflected in
EUR/USD closing the week around 1.2925/30
FXstreet.com (Barcelona) – The shared currency is reverting a 2-week losing streak, gyrating around…
For more information, read our latest forex news.
Gold futures fall for the day but gain on the week
SAN FRANCISCO (MarketWatch) — Gold futures , but prices still finished roughly 1.6% higher for the week after losses in global stock markets and a weaker dollar helped lure investors back to the precious metal a day earlier. Among the most-active contracts, June gold fell .20, or 0.4%, to settle at ,386.60 an ounce on the Comex division of the New York Mercantile Exchange. August gold shed .30, or 0.4%, to end at ,387.50.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
