Good Morning. It’s Friday, July 8, 2011. At this hour, U.S. equity futures are lower. Overseas, the Asian markets were higher, while the European markets are mixed. Caterpillar (NYSE:CAT) and Bucyrus International (NASDAQ:BUCY) received notification from the Ministry of Commerce of the People's Republic of China that it formally approved Caterpillar's planned acquisition of the Wisconsin-based mining equipment company. The deal is valued at about $8.8B. Local.com (NASDAQ:LOCM) entered into a services agreement with Google (NASDAQ:GOOG) that will provide for the implementation by Local.com of some advertising and search services on certain websites. Watson Pharma (NYSEL:WPI) received favorable appeals court decision in the Mucinex patent suit. Grubb & Ellis Healthcare (NYSE:GBE) announced that it acquired a five-building portfolio of skilled nursing facilities located throughout Philadelphia for $75M. Newport (NASDAQ:NEWP) reported that it signed a definitive agreement to acquire Ophir Optronics for $8.43 per share, or a total of about $230M in cash.