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.
Analyst Moves: JNJ, LNKD, INTC
Related symbols: JNJ, LNKD, INTC, CS, C, BMO
Retail Analyst Moves: ULTA, FIVE, FDO, GPS
Related symbols: ULTA, FIVE, FDO, GPS
Analyst Moves: ORCL, HK, KSS
Related symbols: ORCL, HK, KSS, BMO, MS, BAC
Friday Sector Leaders: Music & Electronics Stores, General Contractors & Builders
Related symbols: CONN, VOXX, MHO, HXM
Friday Sector Laggards: Shipping, Royalty Trusts
Related symbols: EGLE, FRO, VOC, PBT
Thursday Sector Leaders: Music & Electronics Stores, Shipping Stocks
Related symbols: CONN, RCII, NM, BALT
Friday's ETF with Unusual Volume: KBWB
Related symbols: KBWB, BAC, C, USB, NYCB
Friday's ETF Movers: ITB, REM
Related symbols: LL, MHO, AGNC, CYS, REM, ITB
VYM, RUSS: Big ETF Outflows
Related symbols: VYM, RUSS, XOM, GE
Daily Dividend Report: SWY, MDT, CB, MJN, DTE
Related symbols: SWY, MDT, CB, MJN, DTE
Daily Dividend Report: PLD, BG, CHRW, DGX, CBI
Related symbols: PLD, BG, CHRW, DGX, CBI
Daily Dividend Report: TYC, PETM, ESS, ECL, EMN
Related symbols: TYC, PETM, ESS, ECL, EMN
Weekly Market Wrap: December 6, 2013
Related symbols: YUM, JCP, KR, SHLD
Weekly Market Wrap: November 22, 2013
Related symbols: TGT, SHLD, FL, ANF
Weekly Market Wrap: November 15, 2013
Related symbols: MCD, WMT, KSS, M
Week Ahead Market Report: December 2, 2013
Related symbols: BMO, ARO, GES, ALCO, DMND, AEO
Week Ahead Market Report: November 25, 2013
Related symbols: ADI, EV, HRL, GLNG, RENN
Week Ahead Market Report: November 18, 2013
Related symbols: BBY, DE, ADTG, GPS
All videos » |
Stock market definitions »
Daily Market Wrap: August 13, 2012
| Market News Video | Copyright © 2008 - 2013, 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.