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America Market Update

Financials Lift S&P 500 by 1.75%
Jan 28, 2008 8:56 PM EST
U.S. stocks rallied ahead of the Fed meeting. Investors hoping that a rate cut of 0.75% last week will be followed by another rate cut of as much as 0.5%. Merger talks between Chicago Merc and Nymex heated up, after both companies confirmed on-going talks. Nymex jumped 11% on the news. Alliance Data Systems plunged 35% after Blackstone Group cited regulatory hurdle to the deal. Alliance disagreed with the assertion. McDonalds dropped 6% after its domestic stores reported weak sales in December. >>

Alliance Data Plunges 35%
Jan 28, 2008 5:17 PM EST
Alliance Data deal with the entities controlled by Blackstone appears to be in jepordy. Allinace had agreed to a deal in May 2007 for a price of $81.75 per share in cash, since then the stock has been cut in half on the weakness in credit market. The stock plunged today after blackstone cited the regulatory hurdle which Alliance believes that the suitor can meet. Alliance board is looking for legal measures to complete the deal. >>

CME and Nymex in $11 B Merger Talks
Jan 28, 2008 1:27 PM EST
U.S. stocks traded higher after three hours of trading. CME Group and Nymex are in preliminary merger talks valuing Nymex at 11% premium from the closing Friday price. Alliance Data System said that its merger agreement with Blackstone controlled entity may not be completed. Allinace disagrees with the Blackstone assertion of regultory demands to not complete the merger. New home sales in December fell 41% from a year ago and 26.4% for 2007. >>

Tokyo and Hong Kong Down 4%
Jan 28, 2008 9:22 AM EST
Stocks in Tokyo and Asia fell sharply after comments from the IMF Chief suggested that monetary stimulus alone in the U.S. will not save the expected slowdown in the U.S. economy. He said that a coordinated global fiscal stimulus may be necessary. Separately, local economists in Japan worried that declining consumer spending and wages and worsening economic conditions may drive economy into recession. Shanghai plunged 7% and Singapore, Korea and Taiwan dropped 4%. >>

Credit Worries Resurface in U.S., Coal Rises
Jan 25, 2008 5:00 PM EST
U.S.stocks lost the early gains as investors faced the fallout of the drop in bond insunrace ratings. The decline in ratings could cause banks to lose nearly $150 billion in bond portfolio and may force them to seek new capital. Market worried that the current sub-prime crisis is far from over. In the morning stocks gained after Microsoft reported 80% rise in earnings. Honeywell reported 18% increase in earnings, Caterpillar and Lockheed earnings rose 11% and 10% respectively. >>

S&N Accepts Carlsberg, Heineken Revised Bid
Jan 25, 2008 4:11 PM EST
Scottish & Newcastle agreed to be purchased by Danish Carlsberg and Dutch Heineken. The joint bid at 800 pence per share valued the company at 7.8 billion pounds. The deal still needs approval of shareholders. The three month long battle to gain control of the Scottish brewer took two revised offers from the initial offer at 720 pence. Stocks of Carlsberg and Heineken fell. Carlsberg plans to raise capital through bank debt and equity rights offering. >>

U.S. Edge Lower, Asian Rally, Europe Declines
Jan 25, 2008 12:56 PM EST
U.S. stocks edgeg higher in the morning trade but lost its momentum after three hours of trading. Earnings from Caterpillar, Honeywell International, and Microsoft lifted sentiment at the opening. Fiscal stimulus talks from the Whitehouse and top lawmakers in the U.S. Congress helped market regain its footing. Asian markets surged in the overnight trading and the European markets turned lower at close. Gold and oil gained on weak dollar. >>

Tokyo Stocks Surge in Asia Rally
Jan 25, 2008 8:54 AM EST
Stocks in Japan and in Asia surged as the U.S. markets closed higher. Investors hoped that the U.S. stimulus plan will help revive the flagging economic growth. Nikkei 225 soared 4.1% or 536.38 to 13,629.16, down 1.7% for the week, while the broader Topix Index rose 4.7% or 60.32 to 1,344.77. Hong Kong and India surged nearly 7% and Australia advanced 5%. >>

U.S. Stocks Rise on Earnings, Stimulus Plan
Jan 24, 2008 6:27 PM EST
U.S. stocks edged higher on better than expected earnings and rising metals and energy prices. Nasdaq led the indexes with a rise of 1.9% followed by increases in S&P 500 of 1.01% and 0.9% in Dow Jones. U.S. lawmakers release a stimulus package to revive the flagging consumer spending. The plan aims to rebate between $300 and $1,200 per household with adjusted gross income lower than $150,000 and raise mortgage cap limit for Fannie Mac and Freddie Mac to $730,000 in select cities. >>

Nokia, Lockheed Earnings Lift U.S. Stocks
Jan 24, 2008 11:23 AM EST
U.S. stocks edged higher after a string of positive earnings reports from Nokia, Lockheed Martin, and AT&T. eBay guided weaker outlook. Societe Generale reported a huge loss of 4.9 billion euros on fraudulent trades from a single trader. Separately, the bank also recroded a loss of 2.05 billion euros or nearly $3 billion related to subprime loans. The bank is looking to raise 5.5 billion euros in fresh capital. Nokia earnings rose on higher sales in Europe, China, and India. >>



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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc