Market Recap
DJIA +3.32%, Nasdaq +3.90% and S&P +4.01%
Nikkei +2.65%
WTI Crude Oil USD 39.63
Gold USD 959.9
USD/EUR 1.2851
U.S. stocks took flight yesterday on the back of comment form Fed Chairman Bernanke and in the process halt a 6 day decline while volume picked up.
U.S. News
Word that Microsoft may still be interested in a deal with Yahoo! caught investor’s attention yesterday evening.
Marvel Entertainment reported Q4 EPS more than the average estimate of analysts survey.
Home Depot reported very good numbers.
Nordstrom reported good Q4 numbers
AIG said that it may need to convert preferred shares into common stock.
European News
RBS may not escape full nationalization with UK
Accor reports FY2008 in line with market consensus with sales EUR 7.74bn , EBIT EUR 875m, but gives no guidance for 2009. The dividend is unchanged at EUR 1.65.
Theolia reports FY2008 sales number below market expectation.
Rhodia reports FY2008 numbers below expectation won’t pay final dividend and says no visibility for 2009.
Deutsche Telekom is planning a massive restructuring. The mobile and fixed-network divisions will merge.
SAP has failed to reach an agreement in Oracle’s USD 1bn copyright lawsuit accusing it of stealing software code
Henkel reports good 2008 results and sees organic sales growth higher than market in 2009.
Dutch regulator extended short selling ban until on financial stocks until June 1st.
BBVA could sell its 5% Telefonica stake, getting nearly EUR 1bn in capital gains.
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