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Cost Of Living Declines
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FBN's Robert Gray breaks down late-morning market news.
- Duration 0:56
- Date Jun 14, 2012
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FBN's Robert Gray breaks down late-morning market news.
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Business -- More Americans than expected joined the unemployment line last week 386000.
People filed for first time benefits.
And the four week average rose to its highest level in six weeks.
The cost of living drop last month the first decline in two years consumer prices fell three tenths of 1% in May.
Driven down by cheaper gasoline prices.
Excluding volatile food and energy prices the core inflation rate rose for a third straight month.
And Quest Software is jumping on a higher buyout offer the tech company says it received -- roughly two point fifteen billion dollar cash offer.
From a strategic -- And -- -- the current two billion dollar offer from private investment firm inside.
Venture partners if insight doesn't match the higher bid.
Plus we'll terminate the merger agreement and go with the new offer.
That as -- let us from the Fox Business Network giving you the power to prosper.