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Eaton to Buy Cooper Industries for $11.8B
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FBN’s Tracy Byrnes with an afternoon market update, plus news that Eaton will buy Cooper Industries for $11.8 billion.
- Duration 0:58
- Date May 21, 2012
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FBN’s Tracy Byrnes with an afternoon market update, plus news that Eaton will buy Cooper Industries for $11.8 billion.
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I'm Tracy -- would -- Fox Business street.
We'll watch these shifts into rally mode today stocks recovering from their worst weekly decline this year spring -- a thousand about a 105 points.
Its shares of equipment supplier Cooper Industries are on the rise on news of a -- Industrial manufacture -- in is buying the company for eleven point eight billion dollars.
-- -- -- -- -- It is expected to close later this year.
And jury selection begins today in the federal insider trading case against -- -- who got.
The former board member for Goldman Sachs and Procter & Gamble is accused of leaking stock tips to drive drive a lot of the founder of hedge fund -- -- -- -- -- faces conspiracy and securities fraud charges that could result in more than 100 years in prison.
That's -- latest from the Fox Business Network giving -- the power to prosper.