Morning Market Snapshot: April 6, 2011

April 06, 2011

Good Morning. It's Wednesday, April 6, 2011. At this hour, U.S. equity futures are up. Overseas, the Asian markets were mixed, while the European markets are higher. Rio Tinto (RIO) raised its offer for Riversdale Mining to A$16.50 per share and said it obtained a 49.49% interest of all the shares of Riversdale Mining...Cephalon's board (CEPH) rejected Valeant's (VRX) unsolicited offer of $73 a share cash...DISH Network (DISH) agrees to acquire Blockbuster (BLOAQ) assets...Moody's placed its Aa2 long-term senior unsecured and issuer ratings on Toyota Motor (TM) and its supported subsidiaries under review for possible downgrade...NYSE Euronext (NYX) is said to be looking at a possible hostile counterbid for Nasdaq OMX (NDAQ)... Netflix (NFLX), Lionsgate (LGF) unite for exclusive syndication arrangement on "Mad Men".