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Worldwide M&A activity falls 23 pct, but U.S. has a flurry

February 19, 2016 By

Worldwide mergers and acquisitions deals have fallen 23 percent to $336 billion so far this year compared with last year, but cross-border activity by amount targeting U.S.-based companies reached a record high, Thomson Reuters data shows. After hitting a record high by deals value in 2015, worldwide M&A activity has been hurt this year by falling oil prices, worries about slowing growth in China and the health of the financial sector. A trio of deals for U.S. companies topped the list of M&A announced this week, including Chinese company Tianjin Tianhai’s $6.3 billion offer for U.S.-based Ingram Micro, bringing year-to-date China outbound M&A targeting the U.S. to $23.3 billion.

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Worldwide M&A activity falls 23 pct, but U.S. has a flurry

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Wall Street stabilizes after Monday’s steep declines

January 5, 2016 By

After weak Chinese economic data drove stocks down sharply on Monday, the People's Bank of China on Tuesday injected $20 billion into the financial system in a bid to help its markets. Wal Mart Stores Inc shares, up 2.4 percent at $62.92, helped to lift both the Dow and S&P 500, though Monday's big selloff and renewed worries about China have contributed to caution about the year ahead. The Dow Jones industrial average rose 9.72 points, or 0.06 percent, to 17,158.66, the S&P 500 gained 4.05 points, or 0.2 percent, to 2,016.71 and the Nasdaq Composite dropped 11.66 points, or 0.24 percent, to 4,891.43.

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Wall Street stabilizes after Monday’s steep declines

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Wall Street veterans say rate-hike past is not prologue for markets

December 13, 2015 By

By Trevor Hunnicutt NEW YORK (Reuters) – It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz's clients are concerned, that might as well be ancient history. “People have a thirty-second memory,” said Katz, 65, co-chairman at Evensky & Katz/Foldes Financial Wealth Management. “We're used to an instant turnaround.” That is particularly true when compared to investors who lived through longer periods of economic disaster, like the stagnant economy and rampant inflation of the 1970s or the Great Depression in the 1930s.

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Wall Street veterans say rate-hike past is not prologue for markets

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