PNC Group Buys U.S. Banking Operations of RBC for $3.45B
FOX Business Brief: Pre-market movers
- Duration 3:48
- Date Jun 20, 2011
FOX Business Brief: Pre-market movers
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Time now for a Fox Business Network Gupta.
Set things -- with a -- business alert on the markets this morning uncertainty surrounding Greece's again hitting the markets to start off the week European finance ministers delaying a decision.
On an aid package we'll have more on that in just a moment -- first.
Checking in on the European market still lower the -- in the -- fallen by more than a percent the footsie in London also trading lower by -- more than forty points.
And also in the markets Moody's warning that it may reduce Italy's credit rating.
There was also a delay in treating and the Paris market due to -- technical problem there trading began about an hour late.
Here in the US futures are following that path also lower point to a lower open on Wall Street this morning stocks finished mostly higher on Friday with the Dow and the S&P gaining enough.
To finish on a high notes is snapping a six week losing streak.
In Asia markets were mixed Japan registering a small gain there Japanese exports falling for a third straight month -- earthquake -- nominee.
China's Shanghai composite was lower Credit Suisse downgrading its rating on China's banking system.
And lowering its projections for Chinese economic growth.
And oil is also falling this morning and in fact below the 92 dollar a barrel mark down more than a percent.
Down 20% from its highs this year entering into a bear market.
Greece is not getting its next installment of bailout funds yet European finance ministers -- the country must implement a series of austerity measures.
In order to get the aid anger over those measures sparked riots last week.
Greece says until the end of the month to -- new reforms and is expected to get that money by mid July.
And according to -- Wall Street Journal G-7 finance leaders discuss the Euro crisis in a conference call over the weekend but noted details have been released.
We have a banking -- this morning worth more than three billion dollars a deal we've been talking about became official in the past hour.
PNC financial buying the US at retail banking operations of the Royal Bank of Canada the deal gives PNC 426.
Branches and several southeastern states.
RB c.'s US operations have lost money for several quarters.
Workers on Wall Street need to be more cautious about what they say in the office that's according to the Wall Street Journal more.
Federal regulators will be going to work at the companies -- police by the fall roughly 300 people.
We'll be spread across banks and other financial institutions overseen by the New York fed some of them include Bank of America and Goldman Sachs.
Another video game system getting -- Sega is now reporting information for more than one million customers.
Has been stolen personal information including names birth -- Even email addresses were compromised.
But -- says payment data like credit card numbers are safe.
And the Paris air show is under -- and Airbus is getting most of the attention so far the European aircraft maker.
Expected to announce that billions of dollars in new orders its rival Boeing has already unveiled an order from -- Airways for nearly two billion dollars.
By the end of next year you could set up a web say with almost any domain name the regulatory group that oversees domains have voted to -- restricting -- dresses like dot com and dot gov.
The leader remains will be categorized by subject and we'll also include other scripts like Arabic and Chinese.
But they do come at a cost applications cost 185000.
And you have to show -- legitimate claim for the domain name.
And here's a look at the metals this morning along with oil gold and silver also lower.
Coming up this our -- is gas will be national security expert KT McFarland and the morning continues right now on Fox Business giving you the power.