| Stocks indecisive ahead of resultsCNN - 1 hour agoNEW YORK (CNNMoney.com) -- Techs dipped and the broader market struggled near midday Monday as investors mulled a report showing a jump in Chinese exports, considered a weaker dollar and geared up for the start of the quarterly reporting period. The Dow Jones industrial average () was barely changed nearly 2-1/2 hours into the session. Stocks zigzag ahead of Alcoa earnings report Chicago Tribune Heineken buys Mexican breweryCNN - 1 hour agoNEW YORK (CNNMoney.com) -- Heineken announced plans Monday to buy the beer operations of Mexico's Fomento Econ?mico Mexicano (Femsa) for about $7.6 billion, as the Dutch brewer moves to expand its operations in the Western Hemisphere. The deal will give Heineken, which brews Amstel and other beers, control of Femsa's key export brands, including Dos Equis, Tecate and Sol. FACTBOX-Some facts about Mexican drinks maker FEMSA Reuters | |
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China market reform may end Shanghai-HK price gapMarketWatch - 11 hours agoHONG KONG (MarketWatch) -- Beijing's approval of stock-index futures and additional reforms designed bring its markets into line with other major bourses should help shrink the valuation gap that has kept yuan-denominated shares at a premium to similar shares listed in Hong Kong, analysts said. China's State Council approved Friday the launch of stock-index futures and a trial program for short selling and margin trading -- the purchase of stock using brokerage loans. In Hong Kong, Mollycoddling Over Rusal IPO Wall Street Journal |
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The Slow Unraveling Of The Dodd MystiqueChicago Tribune - 1 day agoAfter living a charmed political life for more than 30 years, Sen. Christopher Dodd collided with 's maxim that "behind every cloud is another cloud." Dodd managed the rare trick of turning some isolated storms into a deluge that forced him to abandon his race for re-election. The Slow Unraveling Of The Dodd Mystique Chicago Tribune Venture Defaults on Stuyvesant TownWall Street Journal - 2 days agoTishman Speyer and Inc. said Friday that they wouldn't make a full scheduled debt payment to senior lenders on Stuyvesant Town and Peter Cooper Village, triggering default and leaving one of New York's largest apartment complexes in limbo. The joint venture "has been engaged in discussions with CWCapital, the special servicer acting on behalf of the lenders, and hopes to continue good-faith negotiations toward a potential restructuring of the debt," the venture said in a statement. NYC Stuyvesant Town complex misses payment Reuters |
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Bank CEOs to answer for financial crisisCNN - 2 days agoWASHINGTON (CNNMoney.com) -- As lawmakers start trickling back to Washington next week, a panel tasked with investigating the financial crisis is set to make its first big splash. The Financial Crisis Inquiry Commission, a 10-member panel appointed last summer by Congress, will hold public hearings on Wednesday and Thursday. Top Bankers to Testify Next Week Wall Street Journal |
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UPDATE 1-Teva sees revenue more than doubling by 2015Reuters - 3 days agoNEW YORK, Jan 7 (Reuters) - Teva Pharmaceutical Industries Ltd ( TEVA.TA ), the world's largest generic drugmaker, on Thursday set a target of revenue of $31 billion in 2015, more than double its current annual amount as it sees major growth in overall use of generics. The Israel-based company also sees its more profitable branded business more than doubling over that time, as it reduces its dependence on its biggest-selling drug, the Copaxone multiple sclerosis treatment. Israel Stocks: Israel stocks off; Teva, energy firms in focus MarketWatch Netflix, Warner Bros. rejigger movie rentingCNN - 4 days agoAgreement means Netflix will expand streaming selection, but there is a "sales-only" period of new Warner Bros. releases. In a groundbreaking deal for online movie rentals, Netflix and Warner Bros. Home Entertainment announced Wednesday that they have expanded their licensing arrangement for streaming movies, and Netflix now has licensing rights to more of the studio's catalog content. Netflix to wait 28 days on Warner movies Chicago Tribune |
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Analyst Sees Weakness in Fixed IncomeTheStreet.com - 2 days agoNEW YORK () -- Citigroup () analyst Keith Horowitz offered a bearish outlook for fixed income trading on Friday, and subsequently ratcheted down earnings estimates for four of the big banks. Fixed income trading was a bright spot for the financials in 2009, but Horowitz believes the gravy train ground to a halt in the fourth quarter and cut his view on Bank of America () , Goldman Sachs () , Morgan Stanley () and JPMorgan Chase () . Financial Stocks: Citi cuts estimates, sees fixed-income slowdown MarketWatch |
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Stocks stage late advanceCNN - 2 days agoNEW YORK (CNNMoney.com) -- A tech rally propelled the Nasdaq and helped the broader market erase losses Friday, as investors took in stride a surprisingly weak jobs report amid other recent signs that the economy appears to be stabilizing. The Dow Jones industrial average () added 8 points, or 0.7%, according to early tallies. Job Loss Numbers Push Down Stocks at Open (Market Update) SmartMoney Bond Report: Treasurys rally after worse-than-forecast payrollsMarketWatch - 3 days agoNEW YORK (MarketWatch) -- Treasury prices rose Friday, sending yields lower, as bond traders reacted to Labor Department data that showed the U.S. economy losing 85,000 jobs in December, results that came up short of the slight growth that had been expected. Yields on benchmark 10-year Treasury notes /quotes/comstock/31*!ust10y ( 3.81 , -0.01 , -0.34% ) , which move inversely to prices, fell four basis points to 3.783%. Stocks Lower as Jobs Report Disappoints TheStreet.com |
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G.M. Hires AlixPartners to Wind Down SaabNew York Times - 3 days agotook another step toward winding down its brand by hiring the consulting firm AlixPartners to supervise the process, even as bidders are emerging for the Swedish marque. G.M. said that it is asking the Swedish government to approve the appointment, which will not be affected by the company’s evaluation of bids from the likes of Dutch car maker Spyker Cars and British buyout firm Genii Capital . Ecclestone makes last ditch bid for Saab CNN Cadbury to focus on value in final Kraft defenseReuters - 3 days agoLONDON (Reuters) - British bid target Cadbury ( CBRY.L ) will paint an upbeat picture for 2010 and upgrade 2009 forecasts next week in a final attempt to fight off a hostile bid from Kraft Foods ( KFT.N ), analysts said on Friday. But a small rise in Kraft's hostile 10.5 billion pound ($16.8 billion) bid will be enough to win over Cadbury shareholders, most analysts and investors believe, even if good Christmas trading and cost cutting allow the confectioner to beat its guidance for underlying 2009 sales growth and margin. Five Dumbest Things on Wall Street: Jan. 8 TheStreet.com Google sweetens bid for On2, shares upReuters - 4 days agoNEW YORK (Reuters) - Google Inc ( GOOG.O ) sweetened its bid for On2 Technologies with a cash portion the boosts the deal value by 20 percent to $134 million, months after shareholders of the video compression technology company balked at the initial price. Under the revised deal announced on Thursday, On2 shareholders will get an extra 15 cents in cash for every On2 share they own, in addition to the previously announced 0.0010 of a share of Google Class A common stock for every share of On2 common stock. Google sweetens On2 acquisition offer CNET |
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