Mid-Day Stock Market Roundup: Stocks Trade Up

Equities Editors Desk |


In other financial news:

  • Online auction company EBay Inc. (NASDAQ: EBAY) announced that it plans to purchase GSI Commerce, Inc. (NASDAQ: GSIC) for $2.1 billion. [WSJ]
  • Warren Buffett's Berkshire Hathaway, Inc. (NYSE: BRK.A) wrote down three of its holdings: U.S. Bancorp. (NYSE: USB), Sanofi-Aventis SA (NYSE: SNY), and Swiss Reinsurance Co. (Pink Sheets: SWCEF). The accounting adjustments were made after a query from the SEC. [Bloomberg]
  • Consumers aren't the only ones raising their spending. CEOs of public companies are looking to tap into the nearly $1 trillion war chest they amassed during the crisis. What's on the shopping list? Top items include more mergers and acquisitions, and dividends for shareholders. [Bloomberg]
  • More bad news from the Japanese nuclear crisis. [CNN]
  • Oil prices continue its back and forth as Libyan rebels say they plan to restart production. [NY Times]

Check back as more news develops.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
PRCG.PRB PG&E Corp n/a n/a n/a 0

Comments

Emerging Growth

GSV Capital Corp

GSV Capital Corp is an externally managed, non-diversified closed-end management investment company. The Company has elected to be treated as a business development company.

Private Markets

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.