NEW YORK, Oct 22 (APP/AFP): Megamerger buzz returned to Wall Street Friday as global stocks treaded water, while shares of Time Warner and Reynolds American both surged on news of possible takeover deals. The takeover talk came as investors mulled the European Central Bank’s reticence Thursday about future monetary stimulus moves, with equity markets in Paris and Frankfurt finishing essentially flat. US stocks also ended little changed, but the session in New York was rocked by some big movements in individual shares due to news of large potential takeovers and surprise earnings results from blue-chip companies. Time Warner soared 7.8 percent as the Wall Street Journal reported that telecom giant AT&T was in advanced talks to acquire the entertainment group. AT&T fell 3.1 percent.
Business News
Merger talk dominates US as global stocks tread water
