Monday, December 04, 2006
Markets
11:41 am ET Dec 4, 2006
DJIA
12,260
+66.33
S&P
1,404
+8.28
NASDAQ
2,444
+31.43
10Yr
4.44%
+0.012
Bank of New York to buy Mellon, create top asset custodian
LONDON
The Bank of New York said Monday it agreed to buy Mellon Financial Corp.
in a deal that will create a $43 billion giant ranked as the world's
largest custodian of financial assets and a top-ten asset management
firm.
Pfizer pulls the plug on Lipitor's successor
BOSTON
Shares of Pfizer Inc. tumbled in early trading Monday after weekend news
that it's pulling the plug on a planned successor to its best-selling
cholesterol-lowering drug, Lipitor, over safety concerns.
