Market Recap
DJIA -1.82%, Nasdaq -2.08% and S&P -2.28%
Nikkei -1.50%
WTI Crude Oil USD 41.55
USD/EUR 1.2711
U.S. stocks again finish near the lows on rising volume as negative macro data, disappointing earnings and layoffs remain at the forefront of investor’s minds.
U.S. News
Exxon and Chevron both reported better than expected numbers.
Juniper reported in line numbers, but guiding Q1 below expectations.
Amazon reported better Q4 EPS and provided better than expected guidance.
Imation, the maker of Memorex brand DVDs and videotapes cancelled it dividend.
Verizon shares could rise by 30% over the next two years says Barron’s.
European News
French State to encourage cooperation between Peugeot and BMW.
Sanofi had held talks with bankers to raise fund in order to make acquisitions.
Rio Tinto says in asset sales talks with Chinalco.
ENEL may buy Acciona’s 25% stake in Endesa for EUR 11bn
VW will cut most temporary jobs in Germany.
Zurich CEO said performance af assets better than market in first 9m, still strong balance sheet.
GDF reports FY 08 sales at EUR 83.1bn and confirms earnings target.
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