Stocks Bounce; IBM to Buy Cognos for $5B
Stocks are staging a mini-recovery on Monday, after last week’s heavy losses.
International Business Machines
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PowerRating) agreed to acquire Cognos
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PowerRating) for $5 billion in cash (read more).
Blackstone Group
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PowerRating) reported a loss for the third quarter, with costs associated to its IPO were primarily responsible (read more).
E*TRADE Financial
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PowerRating) shares are being hammered, currently down by more than 53%, after the company announced on Friday that it expects bigger write-downs in Q4 (read more).
Heavy overnight losses in Japan took the Nikkei 225 index to its lowest level of 2007 (read more).
In Pakistan, President Pervez Musharraf announced that parliamentary elections would be held before January 9, 2008 (read more).
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