Australia’s IAG denies recent hire of stock watch firm
SYDNEY, Aug 31 (Reuters) - Insurance Australia Group Ltd. denied a report that it had recently hired a research firm that watches stock trading, dampening speculation of an imminent takeover.
August 31, 2006
Brazil Stock Trading Rises for Best Month Ever, BM&F Says
May 21 (Bloomberg) -- Brazilian stock trading surged to a record high this month as a rebounding economy and easing financial crisis attracted foreign investors, said BM&FBovespa SA, Latin America’s largest exchange. Read more hereMerrill Lynch eyes overseas acquisitions
The New York-based company, which reported record 2006 earnings earlier in the day, said 37 percent of its $34.7 billion in 2006 revenue came from abroad. Merrill has tapped into a growing market for acquisitions and stock trading overseas, which is showing growth that far outpaces the U.S.
Shares of Google (GOOG) are still languishing in the red today. The stock has plunged more than three percent and taken out potential support at the 490 level on news that a negative article in Barron's over the weekend that stated that the shares held an "exceedingly rich valuation." This is bad news for GOOG, as the 490 level acted as some pretty staunch overhead resistance for the equity from
