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World Market update Feb 23.

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U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.

World Market Wrap 23/2/2011

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
Traders work on the floor of the New York Stock Exchange

U.S. stocks plunge, oil prices surge, on Libyan concerns

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
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Traders work on the floor of the New York Stock Exchange

US futures decline on Libya unrest

Futures on major U.S. stock indices point to lower opening on Tuesday, following declines in European and Asian stock markets as continued political unrest in the Middle East weighed on the sentiment.
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US stock futures plunge amid Libyan unrest

Futures on major U.S. stock indices point to lower opening on Tuesday, following declines in European and Asian stock markets as continued political unrest in the Middle East weighed on the sentiment.
Demonstrators shout slogans as they protest against the regime of Libya's leader Muammar Gaddafi outside the Libyan consulate in Istanbul

Chaos, killing and confusion reign supreme in Libya

As anti-government protests sweep across Libya, even entering the once-tranquil capitol of Tripoli, and major foreign oil companies suspend or withdraw operations in the wake of civil unrest, there are many unanswered questions.

Stock market up modestly amid G-20 meet

US stocks rose modestly higher on Friday, with S&P 500 Index up 2.52 points, or 0.19 percent, to trade at 1,342.98 at 12:00 p.m. EST. The Dow Jones Industrial Average is up 42.16 points, or 0.34 percent, to trade at 12,360.30. The Nasdaq Composite Index rose 0.23 percent to trade at 2,837.98.
ASX

Australia's ASX H1 net up 2.8 percent, eyes SGX deal

ASX Group Ltd (ASX.AX) eked out a small first-half profit growth, but focus was squarely on the completion of Singapore Exchange's (SGXL.SI) $7.9 billion bid for the Australian bourse operator, a move to help the bourses fight growing competition.
A woman walks by the Family Dollar store in Arvada

Family Dollar shares jump on buyout bid

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.

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.
Internet slowly kills traditional bookstores

Borders Files for Bankruptcy; Stock Plunges 25 pct

The second largest U.S. bookstore chain Borders Group Inc. (NYSE: BGP) filed for Chapter 11 bankruptcy protection as its book sales started sinking in 2008, 2009, and in each quarter of 2010 even after management changes, job cuts and debt restructuring.

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