It was an ugly day at the open and uglier at the close however strong earnings from disney could change the tone tomorrow, but we begin tonight with the 80 billion deal that seems to be dead. 21st century fox with drew the bid. Murdoch side timewarner management and the board refused to engage with the company or explore a higher offer and the bid drove 21st century fox shares lower under valuing the company and upsetting too many shareholders. Fox did approve a 6 billion stock plan. Shares dropped sharply after the announcement. Fox went the other way with shares spiking right after the news. Is the deal really dead . Lets get thoughts from tom edgen, hes a Senior Research analyst with the telse Advisory Group and follows media companies. Welcome, good to have you with us. Do you believe mr. Murdoch is going to go away permanently, and if so, why did he . I think the deal for timewarner is dead. You know, we werent sure about it to begin with. We had a 50 50 shot and thats essentially
Boilers to cement kilns to power plants to oil refineries, and inflicted a significant cost that wasnt there four years ago and has made it more expensive to manufacture. Reporter the Great Recession created an employment crisis, but slow job growth has been a problem for decades. Business startups began falling in the 1980s, and that trend picked up speed after the 2001 recession. No one is sure why that is, and until economists figure it out, it will be difficult to get a strong jobs recovery going. Darren gersh, n. B. R. , washington. Waiting for president obamas speech. Now despite a cautious day of trading, the dow closed at its highest level in more than five years, and returned to the psychological important 14,000 level. The dow gained 47 points, and the nasdaq lost five, and the s p 500 up two points. Even though the stock market has made dramatic moves, and Trading Volume today and throughout february has been light. Market pros say thats because investors are searching for n
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