A Green Day

Disney bought Pixar today in a transaction valued at over $7.4 billion. Steve Jobs, Pixar's highest official, will sit on Disney's board as the company's largest individual shareholder. Pixar puts out great movies, mostly animated films; it will be interesting to see what the two company together will produce. Speaking of TV news, CBS and Time Warner have decided to merge their two struggling networks - UPN and WB, to become CW, which will launch in the fall of this year. Investors stayed on their feet again today and kept the market in the green. Crude oil prices dropped slightly, and larger corporations, such as Citibank and Intel, are doing better than expected. DJIA: +23.45 Nasdaq: +16.78 S&P 500: +3.04