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Market Information
The main US equity benchmarks are now trading 'mixed' (Dow Jones: -56, Nasdaq Comp.: 2, S&P500: -3), following much weaker than expected GDP data out this morning and after President Obama�s speech calling for a compromise solution to the budget 'impasse'. Worth highlighting, he seems to be backing the creation of automatic spending brakes.
US President Barack Obama has today signaled that Republicans and Democrats are in "rough agreement" as regards plans to raise the federal debt limit, with just four days to go before a possible default.
BSkyB on Friday demonstrated why Rupert Murdoch's News Corporation was so keen to get his hands on the broadcaster with a sharp rise in revenues and profits, enabling it to return more than �1bn to its shareholders.