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Morning Market Snapshot: December 16th, 2010

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Uploaded by on Dec 16, 2010

Good Morning. It's Thursday, December 16, 2010. This is your early market snapshot. At this hour, U.S. equity futures are higher. Overseas, the Asian markets were lower, while the European markets are down. In the headlines... Bank of America (BAC) is in talks to settle a dispute with mortgage investors...and Pfizer (PFE) has announced that its wholly-owned subsidiary, Parker Tennessee Corporation, has extended the expiration date of its tender offer for all outstanding shares of common stock of King Pharmaceuticals (KG) for $14.25 per share to midnight ET on Friday, January 21st of the new year. The offer was initially set to expire on December 17th...and a slew of merger & acquisition news this morning...First off, the NASDAQ OMX Group (NDAQ) has agreed to acquire FTEN, a leading provider of Real-Time Risk Management solutions for the financial securities market. Terms of the deal were not disclosed...while Stanley Black & Decker (SWK) has agreed to acquire InfoLogix for $61.2M...and finally Hertz Global (HTZ) has acquired 24/7 Studio Equipment.

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