Market Gawk

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The leading disk drive maker sees a shortfall in revenue for the March quarter as product prices dropped

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The dollar fell sharply reversing the gains prompted by Friday’s stronger-than-expected non-farm payrolls data, as trade tensions between the US and China intensified.

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European equities were higher on Tuesday, as merger activity and lower oil prices combined to pull the markets out of their post-Easter torpor.

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Friendly takeover seems to make financial sense despite differing markets.

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Mexico’s Cemex SA , the world’s No. 3 cement maker, raised its bid for Australian rival Rinker Group Ltd. by 22 percent to $14.2 billion, winning the backing of the Rinker board.

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Bullish mining stocks and strength in the financial sector helped London equities rise in midday trade as investors mulled the latest bid developments at Sainsbury and Imperial Tobacco

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Gasoline prices are expected to peak earlier and about 11 cents lower this year compared to 2006, the government said Tuesday.

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Company says it hasn’t talked about a buyout, contrary to persistent media reports linking it to a sale.

Original post by FeedZilla

Futures are flat this morning, hovering close to the break-even mark as investors await the ”official” start of earnings season with the release of quarterly figures from Alcoa (AA) after the close…(Read More)

Original post by FeedZilla