Stocks Slide on Weak Housing Data
Stocks are trading lower to start the week, after M&A news failed
to offset negative data from the housing market. Existing Homes
Sales fell for the fifth consecutive month.
Gateway
(
GTW |
Quote |
Chart |
News |
PowerRating) agreed to be acquired by Acer,
with the Taiwan based company paying approximately $710 million (full
story). Also, U.S. Steel
(
X |
Quote |
Chart |
News |
PowerRating) agreed to acquire
Stelco for about $1.1 billion (read
more).
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