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.
New Analyst Coverage: ING, KO, SPN
Related symbols: ING, KO, SPN, UBS, CS
Analyst Moves: AIG, ADBE, BLL
Related symbols: AIG, ADBE, BLL, DB, BAC
Analyst Moves: BBRY, CLF, AEO
Related symbols: BBRY, CLF, AEO, BAC, C
Wednesday Sector Leaders: Real Estate, Oil & Gas Refining & Marketing Stocks
Related symbols: AVHI, ARL, SYMX, GEVO
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Related symbols: SWSH, VE, HXM, CHCI
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Related symbols: CERE, AGRO, PRXI, SIX
Wednesday's ETF with Unusual Volume: IWC
Related symbols: IWC, MNKD, TCRD, AVHI, OSH
FXI, FPA: Big ETF Outflows
Related symbols: FXI, FPA, C
XLE, IPD: Big ETF Inflows
Related symbols: XLE, IPD, XOM, CVX, MG.CA, TRI.CA
Daily Dividend Report: LLL, MA, BXP, EPR, CWCO
Related symbols: LLL, MA, BXP, EPR, CWCO
Mortgage REIT Dividend Report: HTS, NYMT, AGNC, MTGE
Related symbols: HTS, NYMT, AGNC, MTGE
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Related symbols: FITB, IVR, AMTG, SUI, USB
Weekly Market Wrap: June 14, 2013
Related symbols: MCD, CTB, DOLE, SWY
Weekly Market Wrap: June 7, 2013
Related symbols: TIVO, ZNGA, GM, AAPL
Weekly Market Wrap: May 31, 2013
Related symbols: TIF, SFD, S
Week Ahead Market Report: June 17, 2013
Related symbols: ADBE, LZB, FDX, RSH, ORCL
Week Ahead Market Report: June 10, 2013
Related symbols: LDK, HRB, SFD
Week Ahead Market Report: June 3, 2013
Related symbols: DG, RUE, SJM, FWM
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.