The Australian is just out with a piece saying BHP Billiton (BHP) will not pursue a buy-out of Alcoa (AA).
Alcoa’s shares are down 4%. BHP is up almost 3%.
BHP shareholders seemed to hate the deal. Shares went from $68 before word that it was looking at Alcoa to as low as $65.
Alcoa’s shares are up 50% over the last year, so it is has become expensive by most measures.
Now, if they keep dropping, that won’t be a problem.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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