Morning Market Snapshot: May 11, 2011

May 11, 2011

Good Morning. It's Wednesday, May 11, 2011. At this hour, U.S. equity futures are up. Overseas, the Asian markets were mixed, while the European markets are higher. Devon Energy (DVN) announced that it received approval from the Brazilian government for the previously announced sale of its assets in Brazil to BP for $3.2B. Mosaic (MOS) temporarily suspended operations due to flooding in Louisiana. Nuance (NUAN) acquires Equitrac for $157M in cash. Finally, Essex Property Trust (ESS) acquires interest in 373-unit community for $92M in Oxnard, CA.