U.K.-based financial services company Prudential (NYSE:PUK) said today it will buy American International Groupís (NYSE:AIG) Asian life insurance operation for a total of $35.5 billion in cash and stock.
Since the announcement, Prudential shares are lower, currently down about 13%.
Armstrong World Industries (NYSE:AWI) saw fourth quarter 2009 net sales drop 8 percent, from the same period for 2008.
Adjusted net income was $0.22 per diluted share, compared to $0.17 per diluted share, on the same basis in 2008.
Shares of Armstrong World are down more than 6.75% after the announcement.
Shanda Interactive Entertainment (SNDA) posted net income for the fourth quarter of $54.1 million, an increase of 13% from the fourth quarter of 2008 and a decrease of 15% from the third quarter of 2009.
Shanda is declining since the annoucement, down more than 9.5%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.