Daily Market Wrap: August 13, 2012 Monday, August 13, 4:50 PM ET
Concerns over weakness in Japan's economy and a possible slowdown in China kept the markets under pressure today.
GOOG) announced plans to lay off about 4,000 workers at Motorola Mobility. The internet giant acquired the cellphone maker in May.
About a third of the layoffs will be in the U.S., the rest will reportedly be in Asia and India.
In M&A news, energy company Tesoro (NYSE:
TSO) announced the acquisition of BP's Carson, California refinery in a deal worth about $2.5 billion.
Shares of Tesoro are trading sharply higher today on the news.
Chinese advertising company Focus Media (
FMCN) also rallied today after receiving a takeover proposal for about $3.5 billion, which would be China's largest leveraged buyout.
Tomorrow, we'll take a look at the producer price index and retail sales reports as well as earnings from Home Depot (NYSE:
HD) and TJX (NYSE: TJX).
For Marketnewsvideo.com, I'm Sayoko Murase.
Monday Sector Laggards: Trucking, Department Stores
Related symbols: CVTI, YRCW, SHLD, JWN
Monday Sector Leaders: Shipping, Education & Training Services
Related symbols: SSW, NM, UTI, CECO
Friday Sector Laggards: Trucking, Biotechnology Stocks
Related symbols: ARCB, JBHT, CASI, VYGR
Monday's ETF with Unusual Volume: PDP
Related symbols: PDP, AMD, EXEL, HBI
Monday's ETF Movers: PDP, XRT
Related symbols: EXEL, FIZZ, SHLD, JWN, XRT, PDP
FEX, FNY: Big ETF Outflows
Related symbols: FEX, FNY
Daily Dividend Report: FTS, VMC, WHR, LNT, NNN, SON
Related symbols: FTS, VMC, WHR, LNT, NNN, SON
Daily Dividend Report: D, AEE, NEE, EPD, AON, F
Related symbols: D, AEE, NEE, EPD, AON, F
Daily Dividend Report: BCR, XYL, EQT, MMS, TEX, ITT
Related symbols: BCR, XYL, EQT, MMS, TEX, ITT
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: August 13, 2012
| Market News Video | Copyright © 2008 - 2017, All Rights Reserved
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.