Ritter Group foresees that prospects for the oil services industry are exceptional this year. A recent survey of 402 oil companies showed that the oil industry is planning to spend apx $490 billion on projects in 2011, a gain of apx 12% over 2010.
In the second quarter, acquirers bought 91 companies for $9.2 billion, a 13% drop in M&A activity from the same period last year when 105 acquisitions netted $7.2 billion.
While most dollars continued to flow to IT sectors, which accounted for 42% of the total invested last year, it was deal activity in clean technology and life sciences that spurred overall market growth.
According to a recent Telecom Report survey with 65% of the TV subscriber base, still owns the bulk of the TV market, even though it's been slowly ticking downward over the past two years.
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