Cyberspace Investment News May 29 Report

Good evening, this is Laura Speizman, Cyberspace Investment News with the May 29 report.

With a holiday shortened week, the Dow Jones Industrials had some modest gains with almost 300 points more at the end than at its start. Energy stocks saw gains because of a rise in oil prices while tech stocks rose 4.6% during the week. Stocks rose also because of solid demand from a government debt auction.
Debt heavy offerings reigned this week, with CBS adding $250 million to a $750 million debt offering, Talisman Energy priced a $700 million note offering, MetLife priced a $1.25 billion note offering and AMC Entertainment priced a $600 million note offering amongst the highlights. Equity offerings saw a $750 million IPO launched from a unit of PennyMac, Connacher Oil & Gas priced a $135 million share offering , Suntech Power closed a $277 million ADS offering, and OpenX Technologies raised $10 million in equity for its business. The merger market continues to plow ahead with deals. Headline maker Toys R Us agreed to acquire FAO Schwartz, while Stora Enso bought the assets of Empresarial Ence for $344 million, and AAMAC acquired Great American for $305 million. This has been the Friday report. Good nite.