A little good news lightens the market's gloomAaron Pressman
After weeks of gloom and doom pessimism, investors finally got some good news on Wednesday. A couple of mergers got off the ground, including the perpetually recycled rumor of E*Trade (Symbol:ETFC) and TD Ameritrade (AMTD) joining forces, if only big foot CEOs Joe Moglia and Mitch Caplan could decide who’d be in charge of the potential online brokerage juggernaut. And one of the biggest buyout loans waiting to be completed, the $40 billion of financing needed for Rio Tinto’s (RTP) acquisition of Alcan (AL), got the green light from lenders. Even gloomeister in chief Alan Greenspan pitched in, saying he wasn’t going to throw his successor under the bus just yet. After rumors circulated that Greenspan was dissing Ben Bernanke by saying he’d have already made a deep cut in the fed funds rate, Mister Andrea Mitchell responded with a curt email message to Bloomberg News: “I did not say that.” There was even good news in the pet economy as Wal-Mart (WMT) pulled poison dog treats off its shelves.
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