Hold On. It's Gonna be an Interesting Week

This week promises to be an interesting week with a number of major earnings and economic reports due out and another Fed meeting. There were also a number of deals announced this morning that will hopefully get the markets moving in an upward direction. Among them:

Merrill Lynch is buying First Republic Bank for $1.8 Billion.

Abitibi Consolidated is combining with Bowater in a merger of equals.

And US Airways is willing to increase its takeover offer for Delta Airlines by $1 billion.

Looks like the tone has been set for an interesting week. I’ll keep you posted throughout the week.