Monday, June 06, 2005

Morning News

Futures are up slightly looking to a higher open.
Washington Mutual (WM) to purchase Providian financial (PVN) for nearly 6.4 billion dollars.
Prologis (PLD) to purchase Catellus Development (CVD) for 4.9 billion.
Lowes Companies (LOW) to open locations in Canada starting in the year 2007.
Bristol Meyers Squibb (BMY) to pay nearly 300 million to settle federal probe.
Oil is trading at 6 week highs currently $55.25 per barrel.
Gold has also been trading up the price of an ounce of gold is $426.80
Downgraded FAST, KWD

Budd Foxx

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