Pre-market movers on Jan.4 (AA, CCL, HBAN, WAG, BGP, ERTS, SWY)
The pre-market movers on Tuesday are Alcoa, Carnival, Huntington Bancshares, Walgreen Co, Borders group, Electronic Arts and Safeway.
Top After-Market NYSE Gainers (AA, ICO, UXG, ACI, AXL, MCP, MDC, BKS)
The top after-market NYSE gainers on Monday are: Alcoa, International Coal Group, U.S. Gold Corp, Arch Coal, American Axle & Manufact. Holdings, Molycorp, M.D.C. Holdings and Barnes & Noble.
S&P 500 will rise 23 percent in 2011: Chadha
Binky Chadha, chief U.S. equity strategist of Deutsche Bank, thinks the S&P 500 will return 23 percent in 2011.
Deutsche Bank settles tax shelter case for $553.6 mln
Deutsche Bank has entered into a non-prosecution agreement to pay $553.6 million penalty for participating in fraudulent tax shelters that let clients hide billions of dollars from the Internal Revenue Service (IRS) and dodge taxes, U.S. prosecutors said.
M&A activity highest since 2007, more predicted in 2011
Mergers & acquisitions (M&A) activity has surpassed $2.2 trillion for the first year since 2007 and it could be still busier in the coming year, according to Thomson Reuters data.
Top Pre-Market NASDAQ Losers (MOTR, BSDM, ACAS, AIXG, VOD)
The top pre-market NASDAQ stock market losers are: Motricity, BSD Medical, American Capital, Aixtron, Vodafone Group, Logitech International, YRC Worldwide, Broadcom, AutoNavi Holdings, and Baidu.
Gold Price Cuts Weekly Loss Near Record Highs, as India & China Continue to Buy Strong
Prices to Buy Gold held firm in London on Friday, ending of what one London trader called another roller-coaster week some 1.7% lower for Dollar and Sterling investors but unchanged vs. the single Euro currency.
Attachmate To Buy Novell In $2.2B Deal
Attachmate Corp, an investment group owned by Francisco Partners, Golden Gate Capital and Thoma Bravo, said it will buy networking solutions company Novell, Inc. for about $2.2 billion.
Deutsche Bank starts Targacept with 'Buy'
Deutsche Bank, which has $32 price target on Targacept, said late stage trial of the biopharmaceutical company's lead compound, TC-5214, to treat major depressive disorder will be positive in late 2011.
Qualcomm upgraded to outperform at Credit Suisse
Credit Suisse upgraded chip maker Qualcomm to outperform from neutral and raised profit estimates of the company, citing improved visibility on earnings growth.
GM Back On Road with Blockbuster IPO; But Is That Enough?
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
GM's IPO could be the world's largest
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
US Tech M&A Booming
The stage is set for another wave of mergers and acquisitions in the U.S. technology sector as the big players, who are flush with cash and looking to expand their horizon, are acquiring aggressively in quest for new products and technology.
Caterpillar paying $7.6 bln for rival Bucyrus
Caterpillar Inc., which makes earthmoving machinery, agreed to buy rival Bucyrus International for a total of $7.6 billion, or $92 per share, in cash to boost its presence in the mining equipment industry.