The failure of the BAE-EADS merger marks the triumph of politics over business logic and there’s little chance the deal can be resurrected, says Breakingviews assistant editor Chris Hughes.
This week brings an ECB policy decision and U.S. non-farm payrolls, but whatever happens it’s likely to be positive for the euro, says Reuters FX analyst Neal Kimberley.
Activist investor Bill Ackman told the Value Investing Congress he’s pushing back against another major shareholder for control of General Growth Properties, hoping it will merge with another firm, reports Reuters Hedge Fund Correspondent Katya Wachtel.
Reuters Fed Correspondent Pedro da Costa says Ben Bernanke and the Fed are trying to light a fire under the housing market and the recovery with $40 bln of MBS purchases.
Reuters West Coast Bureau Chief Jonathan Weber says the iPhone 5 will definitely be appealing for consumers, but it’s not the same advance in technology that Apple has shown in the past.