The news at a glance

Mergers: Two big deals signal rebound; Games: Nintendo cuts the Wii price tag; Publishing: Cutbacks coming at Condé Nast; Movies: Weinsteins nearly tapped out; Litigation: Trustee targets Madoff family

Mergers: Two big deals signal rebound

Two multibillion-dollar corporate acquisitions touched off a roaring stock market rally, said Lynn Thomasson in Bloomberg.com. That’s because the deals provided fresh “evidence that mergers and acquisitions are rebounding from the slowest pace in six years.” Investors bid up shares of Affiliated Computer services, which Xerox will buy for $6.4 billion. The company is making a strategic shift “to computer services as sales of its traditional printing equipment decline.” And shares of Abbott Laboratories advanced on word that the company would buy the pharmaceutical unit of Belium’s Solvay for $7 billion.

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