ECI Telecom in talks to be acquired at $10/share

(Reuters) - ECI shares closed at $8.92 on Nasdaq on Friday.




Read more at Reuters.com Mergers News

Business Books: Strain on U.S. grid to make blackouts common

(Reuters) - But unless the antiquated transmission grid is fixed,
expensive blackouts that bring modern life to a grinding halt
will become ever more common, according to "Lights Out" , a new book by Jason Makansi.




Before the 1980s, power generating companies were
responsible for the entire chain of supply, from securing fuel
to transmitting power to homes. Deregulation, meant to increase
competition, has busted that chain apart and left the wires and
substations that deliver electricity as a "neglected
stepchild," Makansi writes.


Read more at Reuters.com Business News

European Stocks Rebound Amid Signs U.S. Economy Growing Without Inflation

(Bloomberg) -- European stocks rebounded this week
after the U.S. Federal Reserve said the world's biggest economy is
growing without causing inflation, consumer prices rose less than
forecast and several companies became the subject of takeover talk.

J Sainsbury Plc jumped after a Qatar fund bought shares in the
U.K. supermarket chain, while Wolseley Plc, Imperial Chemical
Industries Plc and BHP Billiton Ltd. rallied on renewed takeover
speculation. Total SA and Royal Dutch Shell Plc paced gains among
oil producers as crude prices touched a nine-month high.


Read more at Bloomberg Stocks News