Pr cash trt company, creating a huge conglomerate that would include everything from form suit cals to pesticides. The ne ta offerover the year just got bigger. Shares fell in trading today. Big price tag, it wasnt the only science, health care and Technology Company sa firm for about 4 billion. This is the first major acquisition since spinning off a large portion of its business. Shares soared 52 . And then the deal. In bridge, canadas largest pipeline company, is buying spectra ener for 28 million. The combination will create the largest north American Energy infrastructure company. Shares rose. Jackie has the details. Zpl a this deal speaks volumes to the kindn were seeing and will continue to see as Companies Look to reduce costs, deverse fi and streamline their businesses. Obviously, pipelines get oil from point a to brk to pint b. Hat peo out ground. Even with the fracking boom, crude cant be moved around, well still need to import foreign oil, which defeats the purpos pumping o
Ever after much better than expected october sales. For the month, the annualized sales rate was nearly 18. 25 million, the second straight month above 1 million and the only other time that has happened was 15 years ago. Phil lebeau has more on the red hot sales and why the factors driving it arent slowing down. Americans are buying new cars and trucks at a pace we havent seen since early 2000 with almost every automaker posting better than expected sales. Driving the busy october, a powerful combination of low gas prices making trucks and suvs more attractive and low financing rates making Monthly Payments more affordable. Throw in relatively strong Consumer Confidence and you see why Many Americans decided to buy a new vehicle last month. Cars are affordable. Employment figures support it. And the industrys building the best and safest cars with the most Innovative Technology so were very excited and bullish. The exceptionally strong sales mean Auto Assembly plants will continue bui