GLOBAL MARKETS

Family Dollar shares jump on buyout bid

A woman walks by the Family Dollar store in Arvada
Shares of Family Dollar Stores Inc. (NYSE: FDO) are soaring after the discount retailer confirmed late yesterday that it has received an unsolicited bid from the Trian Group, a New York hedge fund, at a price of $55 to $60 per share.

Bernie Madoff: They Had to Know

Booking mug shot of Bernard Madoff
They had to know, said the jailed former fund manager Bernie Madoff, referring to bankers and investors who should have been able to uncover his Ponzi scheme.

US stocks advance after earnings, economic data

More than half of Americans believe that the economy is still in recession and are less confident on the improvement in the nation’s economic conditions over the next few months, a new CBS News poll showed.
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World Market update 16/2/2011

Futures on major U.S. stock indices point to higher opening on Wednesday ahead of wave of economic data including producer price index and building permits.
China’s new regulations on rare earth minerals: report.

China to publish new regulations on rare earth minerals

China will soon publish new regulations to increase supervision of the country's rare earth industry in a move that is likely to drastically change the landscape of the sector, the China Securities Journal informed on Wednesday.

Sanofi sweetens Genzyme bid to $74/shr

French drug maker Sanofi-Aventis agreed to acquire U.S. biotechnology company Genzyme for $74.00 per share in cash or about $20.1 billion plus extra payments linked to experimental multiple sclerosis drug Lemtrada.
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Stocks fall as retail sales data weighs

U.S. stocks slipped as retail sales raised doubts about the economic recovery. Energy and basic materials equities led the way downward, albeit in moderate trading volume.
Francioni CEO of Deutsche Boerse AG attends a news conference at the Frankfurt stock exchange

Deutsche Boerse, NYSE agree to merge

The NYSE Euronext (NYSE: NYX) and Frankfurt’s Deutsche Boerse have entered into an agreement to merge in a $10-billion transaction that is expected to result in the world's biggest trading vehicle for stocks and derivatives.
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Gold gains on weaker dollar, China inflation

Gold was set for its largest one-day rise in a week, aided by a weaker dollar and Chinese inflation data that soothed some concern over the prospect of rapid rate rises in the world's second-largest bullion consumer.
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World Market Overview 15/2/2011

U.S. stocks ended narrowly mixed as investors appeared to be underwhelmed by President Obama’s budget proposal, while unrest in the Middle East has spread to Iran and even Bahrain.
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Stocks yawn at Obama budget proposal

Stocks finished narrowly mixed as investors appeared to be underwhelmed by President Obama’s budget proposal, while unrest in the Middle East has spread to Iran and even Bahrain.
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Skilled Nursing Facilities Q4 Earnings Preview (SKH, SUNH, KND)

RBC Capital Markets said in its skilled nursing facilities Q4 earnings preview that pre-announced upsides for the quarter and better-than-expected 2011 guidance combined with Kindred Healthcare Inc.'s (KND) fourth quarter results on the RehabCare Group (RHB) deal announcement, suggest a bright outlook in the near term under Resource Utilization Group, Version Four (RUG-IV).

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