| The KUIK Market Update for Friday, May 29: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (121) | points | 18,005 | 7:53 AM | ||
| S&P500 | Down | -0.7% | percent | 2,107 | (14.22) | ||
| Nasdaq Composite | Down | -0.7% | percent | 5,062 | (36.05) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.86 | Annual Yield | ||
| Intel is in talks to buy chip maker Altera for about $15 billion, according to the New York Post.The newspaper said Intel could pay as much as $54 a share for Altera, for a 15% premium over Altera’s closing price yesterday of $46.97. In April, Altera rejected a $54-a-share bid from Intel, but that was before Altera reported disappointing earnings. When complete, it will be Intel’s largest acquisition ever. Intel is up 1.1% to $34.38 a share while Altera is up 3.5% to $48.63 a share. | |||||||
| The Scripps National Spelling Bee ended in a tie on Thursday evening for the second year in a row. Vanya Shivashankar, 13 years old, of Olathe, Kan., will share the 2015 title with Gokul Venkatachalam, 14, of Chesterfield, Mo. Vanya’s winning word was “scherenschnitte” from german which is the art of paper design, while Gokul correctly spelled “nunatak” which is intuit for a rock outcropping not covered snow. Last year’s contest also ended in a tie, the first time since 1962 — and the fourth time overall — that co-champions were declared, said Scripps. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/intel-in-talks-to-buy-altera-for-15-billion-report-2015-05-29?dist=beforebell | |||||||
| http://www.marketwatch.com/story/national-spelling-bee-ends-up-in-a-tie-again-2015-05-29?dist=beforebell | |||||||
| For today’s Market Update Report click to listen-> | |||||||