Euro zone members may agree this week on beefing up their rescue fund. But throwing money at the crisis won’t solve it. A bailout of Italy and Spain would be tricky, however big a firewall. And Italy’s crisis last year shows that market forces may be more efficient than bailouts.
Scrapping a public debut is embarrassing for any company. But it’s a potential killer for an upstart stock exchange already being investigated over high-frequency trading. The relief for investors is that the failure by BATS wasn’t the catalyst for a broader meltdown.
A smash debut for “The Hunger Games” makes Lions Gate the studio equivalent of a boutique bank landing the year’s biggest deal. And Disney’s $200 mln loss on “John Carter” raises questions about Tinseltown’s bulge bracket. Indies in both industries are fighting for the spotlight.
How else to explain the likely approval of a $17.5 bln New England power merger? Northeast Utilities’ incompetence is proven, but dangling a few politically expedient goodies seems to have won authorities over to its NSTAR takeover. Captive customers may lose, but investors win.