Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 34 points higher while the broader S&P500 index is looking to open over 3 points higher. Moving fast in the pre-market session are shares of PetroHawk Energy (NYSE:HK) up over 63% after BHP Billiton (NYSE:BHP) offered to buy the company for $38.75 per share; Google (NASDAQ:GOOG) up over 13% amid brokerage upgrades after the company reported Q2 results; Clorox (NYSE:CLX) up over 11% after Carl Icahn offered to acquire the company for $76.50 a share; Chesapeake Energy (NYSE:CHK) up over 4%; EOG Resources (NYSE:EOG) up 4%; Citigroup (NYSE:C) up 3%; and Baidu (NASDAQ:BIDU) up 3% on news that the company is poised for increased traffic. Shares of Qlik Technologies (NASDAQ:QLIK) are down 5%; Seattle Genetics (NASDAQ:SGEN) shares down over 5% after Canaccord reiterated its sell rating; and shares of Delcath Systems (NASDAQ:DCTH) down over 11% on news that the company will sell 5 million shares of common stock.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up