Main market news here: Before the bell: $90 oil pushes down index futuresThe Wall Street Journal reported Friday that in addition to ongoing criminal scrutiny in New York, Bear Stearns (NYSE: BSC) is now under investigation in Massachusetts, as securities regulators examine whether it improperly traded with its two hedge funds that collapsed over the summer.
Microsoft (NASDAQ: MSFT) chief Steve Ballmer said Thursday that rather than buying up rivals and pursuing large takeovers, the software mammoth will focus on as many as 20 small acquisitions yearly.
New York Stock Exchange operator NYSE Euronext (NYSE: NYX) will be added to the S&P 500, replacing Hilton Hotels Corp. -- which was bought out by The Blackstone Group (NYSE: BX) -- and knocking Limited Brands (NYSE: LTD) out of the S&P 100.
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