Market Gawk

With expectations already low, Lehman Brothers, Morgan Stanley, and others are likely to throw out all the bad news they can find

Original post by FeedZilla

HONG KONG (MarketWatch) — Japanese stocks declined sharply early Tuesday, as financials such as Mizuho Financial Group and Mitsubishi UFJ Financial Group were hurt by concerns related to the health of the global credit markets. The Nikkei 225 average dropped 1% to 15,963.43, as trading resumed after an extended holiday weekend. The broader Topix index lost 1.3% at 1,524.63. Elsewhere, Australia’s S&P/ASX 200 fell 0.3% to 6,251.70, New Zealand’s NZX 50 index was little changed at 4,169.35 and South Korea’s Kospi declined 0.4% to 1,864.93. Overnight on Wall Street, the Dow Jones Industrial Average fell 39.1 points at 13,403.4 on investor nervousness ahead of the Federal Reserve’s interest-rate decision Tuesday and as a U.K. lender’s ongoing trouble added to worries about the global credit crunch.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.

Original post by FeedZilla

SAN FRANCISCO (MarketWatch) — Alcon Inc. said Monday evening that it now holds more than 70% of WaveLight AG’s [DE: 512560] outstanding shares through purchase,contractual commitment or tender. Alcon recently amended its acquisition offer for the German maker of refractive laser and diagnostic systems by removing a minimum acceptance threshold and extending the tender offer period through Sept. 25. The offer remains at 15 euros ($20.80) per WaveLight share, said Alcon. Alcon also said the planned takeover of WaveLight AG was recently cleared by the German Federal Cartel Authority.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.

Original post by FeedZilla

The markets are clamoring for rate cuts, but weak U.S. productivity gains and strong global growth may limit the Fed’s options

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Stocks slipped Monday, one day ahead of a key Federal Reserve policy meeting, as investors worried that the central bank won’t cut interest rates by as much as has been hoped.

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Fox Paine & Co., one of the Bay Area's most successful private equity firms, finds its two key partners fighting in court over control of the firm, according to the Wall Street Journal.

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We found a dividend-paying auction house whose shares are worth bidding for.
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Jim Margard and his crew have a knack for hitting paydirt when they dig for hidden treasure.

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Many banks and credit-card companies offer breaks to seniors. Are they worth it?

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Arizona's political leadership is not overly engaged in efforts to stop the ethnic cleansing and religious war in Sudan — a conflict that has resulted in more than 2 million refugees and more than 200,000 deaths.

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