| 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 McMoRan Exploration rockets on Gulf discoveryMarketWatch - 14 minutes agoNEW YORK (MarketWatch) -- Shares of McMoRan Exploration Co. jumped as much as 40% on Monday, rallying as the company announced a "major" discovery in the Gulf of Mexico, while joint owner Energy XXI Bermuda Ltd. also scored major gains. McMoRan Exploration Co. /quotes/comstock/13*!mmr /quotes/nls/mmr ( 12.89 , +3.70 , +40.21% ) said it struck oil in the Davy Jones prospect about 10 miles south of Louisiana in 20 feet of water in a well drilled to a measured depth of 28,263 feet. Energy Winners: McMoRan, Energy XXI TheStreet.com Chinese financials lead Asia higherMarketWatch - 7 hours agoHONG KONG (MarketWatch) -- Asian stock markets ended mostly higher Monday, with Shanghai equities lifted by brokerages after China's cabinet approved market-reform measures such as the launch of index futures and short-selling. Most other regional markets also gained, with a sharp increase in commodity prices spurring resource stocks. Australian Gold Stocks Up Wall Street Journal Arabtec's Aabar Deal May Signal Looming LossesNew York Times - 7 hours agoArabtec Holding , based in Dubai, may need a $1.7 billion investment by Abu Dhabi’s Aabar Investments to cope with future losses, analysts said on Sunday, as the construction company’s shares fell 6.9 percent. On Friday, investment firm Aabar, 71 percent owned by the U.A.E. federal government, offered to buy a 70 percent stake in Arabtec through a convertible bond at 2.3 dirhams per share, in a deal valued at $1.7 billion. Arabtec's Aabar deal may signal looming losses Reuters 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 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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