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Energy Transfer Partners to Buy Sunoco for $5.3B

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  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 0:57
  • Date

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At Best -- -- -- brands would be -- Fox Business people continues to be a down day for Wall Street news from Europe is weighing negatively on the markets here at home.

As Spain's economy slips back into recession slowdown in consumer spending is also taking a poll here.

And the flip side -- shares of sonoco are on the rise Energy Transfer Partners is buying the company as part of its plan to boost its presence in the transportation of crude oil.

Natural gas liquids and refined products the price -- five point three billion dollars in stock and cash.

And in -- report -- small businesses sparking fresh concerns about the strength of the labor market.

According to payroll processing firm Intuit hiring slowed in April with a small businesses creating 40000 jobs that's down from -- 5000.

Employees also saw a reduction in their hours.

And that's the latest from Fox Business giving you the power to --

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