10 Things You Need To Know Before The Opening Bell, May 2, 2011

View this email online | Add newsletter@businessinsider.com to your address book
		Tech Media Wall Street Markets Strategy Sports Tools Travel Politics Latest Video Monday, May 2, 2011 Advertisement Good morning. Here's what you need to know. Asian markets were mixed in overnight trading with the Nikkei up 1.57%. Major European markets are in the green and U.S. futures indicate a positive open. Osama bin Laden, the Al Qaeda leader who masterminded the September 11 attacks, was killed in a military operation in the Pakistani city of Abbottabad on Sunday. He was killed 40 miles outside Pakistan's capital. President Obama confirmed the news late last night. Now here are 10 incredible weapons that only America has > Markets rallied overnight on news of Osama bin Laden's death. The Nikkei ended up having a huge night, closing above 10,000. In Europe, the CAC-40 in France was 0.4% higher while Germany's DAX rose 0.87%. Dow futures were up 0.7% while S&P futures are up 0.7%. Greek Finance Minister George Papaconstantinou has requested an extension for the repayment on his country's IMF-EU bailout loans. Papaconstantinou has requested the extension to avoid restructuring the nation's sovereign debt. Greece already had its bailout loan extended in March. Now here's Niall Ferguson's new presentation on the decline of the West > THe ISM Manufacturing Index is out at 10 AM ET. Consensus is for a slight drop to 59.5. Follow the release at Money Game > Silver has been volatile, and it fell over 9% last night. After an initial plunge it surged again, erasing half of its losses. It dropped again around the time that news of bin Laden's death was out. It has since climbed back a little to around $45. Chrysler has reported its first profit since it exited bankruptcy. The company reported Q1 net income of $116 million, compared with a loss of $197 million a year ago. Revenue was boosted by global sales of cars and trucks. TiVo Inc. has won its patent lawsuit against Dish Network Corp. and EchoStar Corp over digital video recorder technology. The companies will be paying TiVo $500 million for the suit first filed in 2004. Israeli company Teva Pharmaceutical Industries will acquire Cephalon for $6.8 billion or $81.50 per share in cash. The boards have unanimously approved the agreement which represents a 6% premium to Cephalon’s closing stock price on April 29, 2011. Centrica, the owner of British Gas, has stopped production at Britain’s biggest natural gas field on Sunday. The company said it may not resume output since North Sea taxes were raised. Don't miss: The 15 most expensive places to buy gas > Here's how Al Qaeda leader Osama bin Laden was killed on Sunday > For the latest investing news, visit Money Game. Follow us on Twitter and Facebook. Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: hijau@viarbux.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.