Cyberspace Investment News June 5 Report

Good evening, this is Laura Speizman, Cyberspace Investment News, with the June 5 report.
In a week that started with the expected Chapter 11 filing of auto giant General Motors, the Dow Jones Industrial average gained 263 points from the week ago period. Jobs data influenced the market as losses have slowed in pace. While unemployment remains high at 9.4%, the number of companies shedding jobs has declined.
The week was particularly dominated by equity offerings. SunTrust Banks, Fifth Third Bancorp and KeyCorp priced equity offerings of $1 billion a piece, Lumena Resources announced its IPO, while Medidata Solutions set terms of its IPO expected to close by mid June. While debt offerings were light this week, Manulife Financial completed its $1 billion debt offering, Bunge priced a $600 million note offering and Express Scripts announced a note offering to finance its acquisition of Well Point’s pharmacy management business.
Merger activity continued to move ahead. Intel agreed to acquire Wind River Systems for $884 million, Philips Electronics acquired Saeco International, an expresso maker, for 200 million Euros, while Novatek, the Russian oil producer, agreed to acquire a 51% stake in Yamal-LNG, a Russian gas field operator, for $650 million.
This has been the Friday report. Good night.