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October 22, 2012 at 10:10 AM EDT
Stock Upgrades: Beam in High Spirits
MINYANVILLE ORIGINAL While all eyes were on October 1987 last week instead turned back time to October 1989 when Japan bought Rockefeller Center and looked ascendant. Just in time for Halloween its zombie economy showed signs of life while Tokyo’s Softbank (SFTBY) flexed its own muscles in acquiring a 70% steak in Sprint (S) for $20 billion the country’s biggest ever foreign acquisition. ArcelorMittal (MT) jumped 9.8% which will please its owner who happens to be Europe’s richest man. (That Europe’s richest man is Indian says something about the continent’s current troubles.)   Cuba lifted its stringent exit-visa requirements resulting in ludicrously long lines at the ...
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