Market Currents

• Monday, November 3, 2008

• 08:46 AM Premarket gainers: OSK +18.8%. SOL +18%. DRYS +16%. EXM +11%. LVS +10%. HIG +10%. UBB +8%. DSX +7%. IGE +7%. SOLF +7%. ODP +6%. LCC +6%. S +5%. FRO +5%. Comment!
• 08:13 AM Update: Brazil's Banco Itau (ITU) and Unibanco (UBB) agree to merge (.pdf). The combo will have assets of $265B, giving it the ability "to compete on the international stage with the biggest global banks," the companies say in a joint statement. Comment!
• 07:07 AM Brazil's Banco Itau (ITU) and Unibanco (UBB) agree to merge their operations, creating Brazil's largest financial group. (DJ) Comment!