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Good morning I'm Tracy -- and we start things off with a -- business alert on the markets we begin in Europe where stocks are down -- the markets are closed for a bank holiday today.
Here in the US futures still down slightly as well.
Stocks rallied to end the week after Fed Chairman Ben Bernanke said the Fed would act if it needed to boost the US economy.
And an economic news this morning Americans are earning less black.
Well spending a lot of them are personal income in July rising two tenths of a percent in consumption up actually four -- Spending rising at the fastest rate -- four -- but Americans are saving less the savings rate falling slightly to five point 9%.
Since the event is officially put its bid for Genzyme on the table this morning.
And then Genzyme promptly rejected at the French drug giant offering eighteen and a half billion dollars and -- -- about 69 dollars a share for Genzyme.
Did it and says though the proposal provides no improvement in price.
-- CEO says he has a value in mind for the company and won't go to any plan to buy it.
And Intel is buying the wireless unit of Germany's Infineon Technologies for one point four billion dollars its -- deal.
Infineon makes -- -- for Apple's iPhone four that makes is a key acquisition for Intel which has been mostly unsuccessful in getting its chips in mobile devices.
Earlier this month Intel agreed to pay nearly eight billion dollars for in -- -- security company McAfee.
Now here's a look at -- your other top stories.
The bidding war for three part may not be over yet -- deciding whether to to make another counter -- for the data storage company.
-- part says it is canceling a deal would -- to accept it two billion dollar offer from Hewlett-Packard.
Mandela then have three days to match or beat the thirty dollars a share bid earlier this all started two weeks ago with three -- shares below ten dollars.
The top economists are split on what should be done about the economy.
The latest survey from the national association for business economics says most do -- more stimulus spending.
But I also think economic growth is now a higher priority than deficit reduction.
An eighty president -- -- says the results reflect uncertainty about where the economy is headed.
These will be our guest at 11 AM eastern time on Fox Business.
And Disney and Time -- say -- -- progress on a new deal the companies have a September 2 deadline if they don't reach an agreement on programming fees by the end.
-- cable customers could lose Disney owned channels like ABC -- ES can.
Glossy journal reporting the two sides are expected to -- -- deal without blacking out any networks.
Here's a look at commodities right now oil and gold we have boiled down a slight bit SimCity 4057.
Cents gold down slightly as well.
Dollars and eighty cent.
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