Morning Journal--Testimony on the Benghazi attacks

News on Stocks in Our Portfolios

 

Ecolab (ECL) announces it plans to acquire Champion Technologies for $2.2B to be paid with a mix of 75% cash and 25% stock. The company says the deal should help it find new oil and gas opportunities in North America and will be accretive in 2013. Synergies from the combined entity are forecast to add $150M to Ecolab's total-run rate by 2015.

Economics

   This Week’s Data

            September producer prices rose 1.1% versus expectations of up 0.8%: core PPI was flat versus estimates of up 0.2%

   Other

Politics

  Domestic

Quote of the day from Café Hayek (short):

http://cafehayek.com/2012/10/quotation-of-the-day-427.html

  International War Against Radical Islam

            Yesterday’s testimony to the congressional oversight committee on the attack at Benghazi (short):

            http://www.powerlineblog.com/archives/2012/10/taliban-inside-the-building.php