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Bank of America Chairman, President & CEO Kenneth Lewis addresses the Detroit Economic Club in Detroit, Michigan November, 18, 2008.  REUTERS/Rebecca Cook
Mergers & Acquisitions:

Lewis takes lumps over Merrill 10:03am ET

Somewhere in Bank of America Chief Executive Kenneth Lewis' rear-view mirror, his old North Carolina rival and architect of a disastrous deal, Ken Thompson, lurks.  Full Article 

Pedestrians walk past a Bank Of America branch in New York, October 6, 2008.  REUTERS/Lucas Jackson
This looks, feels and smells like a redux of Lehman.
- Tom Sowanick at Clearbrook Financial, referring to Bank of America and Citigroup as their shares tumbled on worries the banks are ill-prepared to handle soaring credit losses

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As of the Targets' latest trading prices (delayed by at least 15 minutes)
Target: Abacus Group PLC (GBR)
Acquirer: Electron House Overseas Ltd (GBR)
Spread: 0.3985866% 
Target: Abigail Adams National Bancorp Inc (USA)
Acquirer: Premier Financial Bancorp Inc (USA)
Spread: 0.0% 
Target: ACCA Networks Co Ltd (JPN)
Acquirer: eAccess Ltd (JPN)
Spread: -99.910065% 

G7 Inflows/Outflows

Announced in the last 13 weeks; 12 Oct 2008 to 10 Jan 2009
Outflow ($M)
Inflow ($M)
$12,192
USA
$11,596
$14,109
GBR
$5,191
$8,322
JPN
$27
Photo
U.S. budget pinch presses arms makers to cut costs Wednesday, 17 Dec 2008 07:56pm EST

WASHINGTON (Reuters) - Mounting budget pressures worsened by the global financial crisis are giving new urgency to calls for the Pentagon and its top suppliers to rein in the runaway costs of nearly every major arms program.  Full Article 

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