At The Motley Fool, we know our readers like to be informed. We have scouted out today's most relevant news items and brought them to you all on one page. We hope you find this midday edition informative and useful.
Google’s bumpy road
When Larry Page assumed the position as Google’s
Though Page has seen many bumps on the road, the company continues to perform satisfactorily -- business is booming with its Chrome browser, Android software, and the release of Google+. Read more at The Wall Street Journal.
MacArthur says "yes" to takeover
After being the target of many takeover bids the past year, Brisbane, Australia-based MacArthur finally bowed to a bid by ArcelorMittal
But the company did not sell easily. Last month, the company rejected a bid by ArcelorMittal and Peabody for $15.50 a share. The pair attempted to win over shareholders directly but eventually opted to offer $16 per share -- a 44% premium on the closing price a day before the initial offering. The two companies are looking for at least 50.01% of the shares. ArcelorMittal already owns a 16% stake on MacArthur stock. Read more at Dealbook.
FDIC objects to B of A mortgage-bond deal
The Federal Deposit Insurance Corp. objected to Bank of America’s
Consumer confidence brings down the market
With disheartening consumer confidence results for August -- the lowest in two years -- the stock market took a dip in early morning trading before rebounding. Experts said the consumer confidence report comes as no surprise considering what the economy has been through in the past month. Read more at Reuters.
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