Market Recap
DJIA -1.28%, Nasdaq -2.76% and S&P -1.52%
Nikkei -3.81%
WTI Crude Oil USD 42.97
USD/EUR 1.2960
US stocks go lower on mixed volume as poor macro data, negative earnings and a slide in bank shares sink the market.
U.S. News
Advanced Micro Devices reported its 9th consecutive loss after plummeting PC demand forced customers to slash orders.
Google reported numbers ahead of consensus
Capital One had a USD 1.42bn loss in Q4 on impaired goodwill charges from its auto lender and a USD 1bn boost to reserves for soured loans, missing consensus estimate.
Pfizer is in talks to acquire Wyeth in a deal that may be worth as much as USD 60bn.
European News
Wyeth baby nutrition, value at USD 8bn, could interest Nestlé or Danone.
Siemens wants to sell its 34% stake in Areva.
Nokia reported Q4 profits below market consensus, slumped to the lowest since 2001 and will see a 10% slide in 2009 industry sales.
ING sells Life Insurance of Scottish Re to Hannover Re for USD 1.2bn premiums.
UK government will consider a further injection into Northern Rock in a bid to improve credit availability in the UK.
Total will maintain level of investments despite lower oil prices
Benelux Small-Mid Cap
Omega Pharma Q4 results are below consensus forecast.
SNS Reaal completed bond issue under state guarantee scheme.
Crucell: Bidder for Crucell, Wyeth, targeted by Pfizer.
Dexia may get liquidity from French Postal Bank
Metris sees more layoffs and divestments if economy worsens.
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