World Watch News

Today’s Transactions

Mergers Acquisitions — Wed, 22 Feb 2012 09:27:09 +0000

A compilation of the most recently announced middle-market deals and other M&A developments, updated continuously throughout the day

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Ford Pours $3.8 Billion Into Pension Plan

CNBC — Wed, 22 Feb 2012 08:55:00 +0000

Ford Motor is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize its pension risks in a shaky market.

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ECB Preparing to Close Liquidity Floodgates

CNBC — Wed, 22 Feb 2012 08:16:00 +0000

The European Central Bank wants its second offer of cheap ultra-long funds next week to be its last, putting the onus back on governments to secure the euro zone’s longer-term future.

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A Battle for Mongolia’s Copper Lode

Wall Street Journal — Wed, 22 Feb 2012 07:34:10 +0000

Robert Friedland, CEO of Ivanhoe Mines and one of the sector’s most colorful moguls, is on the defensive in a squabble with industry giant Rio Tinto over a massive Mongolian copper-and-gold project.

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Cope: Need to Implement Reform of French Labour Legislation

CNBC — Wed, 22 Feb 2012 06:05:00 +0000

Jean-Francois Cope, secretary- general of the UMP, told CNBC, “the question for us is of course to have a real strategy of reduction of public spending and of our deficit and this is the main challenge as it means that we have to change the growth model, which was totally relying on public spending and we now have to change on the question of labour.”

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As Fund Managers You Have to Play the Market as it Comes: Expert

CNBC — Wed, 22 Feb 2012 06:00:00 +0000

Richard Harris, chief executive of Port Shelter Investment Management, told CNBC, “it is a real hedge funders conundrum, you have got to own something and if you have got to own something then you have got to look at the fundamentals, because that is really the only sensible way to own stocks and yet we have got this overlay on top of the macro which could punch us on the nose at any second.”

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Asia Stocks Muted on China Data, Greek Debt Fix

New York Times — Wed, 22 Feb 2012 05:50:28 +0000

Asian stocks were muted Wednesday as a weakening yen and hopes of more steps to prop up China’s growth were offset by pessimism over Europe’s debt crisis.

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Alibaba.com Shares Jump on Plans to Go Private

Wall Street Journal — Wed, 22 Feb 2012 05:11:54 +0000

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Alibaba.com’s stock shot up following news that the company plans to go private. Could the plans assist Alibaba Group in an eventual public listing? WSJ’s Jake Lee discusses with Yun-Hee Kim.

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Some Wine With Your White Castle?

Wall Street Journal — Wed, 22 Feb 2012 03:30:00 +0000

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There’s a new taste sensation at one White Castle in Indiana. The hamburger chain is serving up wine and beer, along with its signature sliders. WSJ’s Barry Newman reports from Lafayette.

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DealBook: Greek Crisis Raises New Fears Over Credit-Default Swaps

New York Times — Wed, 22 Feb 2012 02:06:48 +0000

The $172 billion bailout of Greece may set off the credit-default swaps on that country’s debt, even though Europe is trying to avoid activating them.

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Economy Growing but Prosperity Still Far Off?

Fox Business — Wed, 22 Feb 2012 01:49:04 +0000

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John Silvia on the markets, economy

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Hong Kong stocks fall with exporters weak; Hang Seng Index down 0.8%

Market Watch — Wed, 22 Feb 2012 01:34:28 +0000

Hong Kong stocks fall with exporters weak; Hang Seng Index down 0.8%

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Is the Market’s Rally Sustainable?

Fox Business — Wed, 22 Feb 2012 01:15:22 +0000

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What issues could potentially stop the market’s rally?

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Citigroup Faces Smith Barney Hit

Wall Street Journal — Wed, 22 Feb 2012 00:57:07 +0000

Citigroup is facing a multibillion-dollar write-down as it begins unwinding its minority investment in the Morgan Stanley Smith Barney brokerage.

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Romney Gains Ground in Michigan

CNBC — Wed, 22 Feb 2012 00:48:00 +0000

While Rick Santorum is busy spending his time on social issues, Mitt Romney has regained some ground in Michigan by concentrating on the economy, with CNBC contributor Robert Costa; Kevin Madden, Republican strategist; James Freeman, Wall Street Journal; and Matt Lewis, sr. contributor to the Daily Caller.

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Dell Down After Hours

CNBC — Wed, 22 Feb 2012 00:43:00 +0000

Dell down sharply in after-hours trading. DSK spends the night in a French police station, the Supreme Court agrees to reconsider the use of race in college admissions, and Nevada is the first state to approve rules for self-driving cars, with CNBC’s Mary Thompson.

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Mall Wars: Miami’s New Shopping District Emerges

Wall Street Journal — Wed, 22 Feb 2012 00:18:23 +0000

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Miami’s Design District is about to get a $200 million make-over, thanks to developer Craig Robins. He’s also wooing away marquee-name retailers from the swanky, hugely successful Bal Harbour Shops nearby.

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Japanese stocks edge higher, with retailers gaining; Nikkei Average up 0.1%

Market Watch — Wed, 22 Feb 2012 00:07:40 +0000

Japanese stocks edge higher, with retailers gaining; Nikkei Average up 0.1%

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Did Apple Signal a Top to the Market Rally?

Wall Street Journal — Tue, 21 Feb 2012 23:19:16 +0000

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Apple’s recent 5% drop from an intraday high was hailed as a key reversal day for the market leader. But a history of one-day swings shows Apple typically has rebounded a week or month later, MarketWatch columnist Mark Hulbert says. Laura Mandaro reports.

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Johnson & Johnson CEO resigns after series of missteps

CNN Money — Tue, 21 Feb 2012 22:48:52 +0000

Johnson & Johnson CEO Bill Weldon will step down in April, the pharmaceutical giant announced Tuesday.

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Dow 13,000, Not So Fast

The Street — Tue, 21 Feb 2012 22:43:27 +0000

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Dow 13,000, Not So Fast

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D.A. Davidson Finds its Perfect Match

Mergers Acquisitions — Tue, 21 Feb 2012 22:41:03 +0000

D.A Davidson and McGladrey are the latest middle-market investment firms to team up in the wave of consolidation

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United Rentals Brings $2.2B to HY Queue

Mergers Acquisitions — Tue, 21 Feb 2012 22:41:03 +0000

The company is selling both secured and unsecured notes to take out a bridge loans backing its $4.2B acquisition

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Fake Pokemon app becomes Apple App Store bestseller

CNN Money — Tue, 21 Feb 2012 22:39:04 +0000

A scam Pokemon game reached No. 2 on Apple’s App Store charts this week before it was pulled — a debacle that calls into question both Apple’s approval process and Nintendo’s “no apps for us” stance.

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J&J Taps Gorsky to Be CEO

Wall Street Journal — Tue, 21 Feb 2012 22:31:12 +0000

Johnson & Johnson picked Alex Gorsky to be its next chief executive. He will take over from longtime leader William Weldon in April.

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Sorry, America: Your wireless airwaves are full

CNN Money — Tue, 21 Feb 2012 22:30:47 +0000

This is part one of a week-long series on the cell phone capacity crunch.

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Retail Giants Flex Muscle

Wall Street Journal — Tue, 21 Feb 2012 22:29:22 +0000

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Year-end reports from Wal-Mart, Home Depot and Macy’s say a lot about how those companies, all leaders of their retail categories, are managing to gain market share at their competitors’ expense. Dana Mattioli has details on The News Hub. Photo: AP

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Why Gingrich’s Call for $2 Gasoline Won’t Work

Wall Street Journal — Tue, 21 Feb 2012 22:25:00 +0000

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Newt Gingrich says his policies would expand America’s independence from energy imports to the point where gasoline might go back to $2 a gallon (right now it averages about $3.60). Liam Denning discusses on The News Hub. Photo: Reuters

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Dow 13000: What’s Next for Stocks?

Wall Street Journal — Tue, 21 Feb 2012 22:16:27 +0000

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With the Dow hitting 13000 Tuesday for the first time since May 2008, Simon Constable talks to MarketWatch’s Dave Callaway and SmartMoney’s Jack Hough and Brett Arends on where stocks are likely to head from here. Photo: Getty Images

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Wynn Defends Ouster of Investor

Wall Street Journal — Tue, 21 Feb 2012 22:10:19 +0000

Wynn Resorts defended its move to oust major shareholder Kazuo Okada, saying the board acted out of an obligation to protect the company and its shareholders.

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Supreme Court to Revisit Affirmative-Action Case

Wall Street Journal — Tue, 21 Feb 2012 22:08:12 +0000

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The Supreme Court agreed Tuesday to revisit affirmative action in state-college admissions. Jess Bravin has details on The News Hub.

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How Can Investors Gain From the Greek Deal?

Fox Business — Tue, 21 Feb 2012 21:59:31 +0000

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Investing in companies that benefit from emerging-market growth

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News Analysis: New Bailout Is a Reprieve for Greece, but Doubts Persist

New York Times — Tue, 21 Feb 2012 21:55:05 +0000

Longer-term doubts over Greece’s ability to repay its staggering debts remain, raising questions about whether even more rescue money will eventually be needed.

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Right Time for REITS

CNBC — Tue, 21 Feb 2012 21:55:00 +0000

Low interest rates and an improving labor market have created what could be the perfect scenario for REITs, with CNBC’s Jeff Cox.

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Hope for Housing Market Justified?

CNBC — Tue, 21 Feb 2012 21:52:00 +0000

Even though there are signs of life in the housing market, some pretty big headwinds remain, reports CNBC’s Diana Olick.

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Not the Time for Investors to Play it Safe?

Fox Business — Tue, 21 Feb 2012 21:25:53 +0000

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Bullish outlook for the markets?

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Stocks stumble at the close

CNN Money — Tue, 21 Feb 2012 21:25:29 +0000

U.S. stocks stumbled into the close Tuesday, shaking off a modest morning rally ignited by news of that eurozone deal to help Greece avoid defaulting on its debt.

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U.S. stocks close mostly higher, with the Dow average touching 13,000 before pulling back

Market Watch — Tue, 21 Feb 2012 21:22:44 +0000

U.S. stocks close mostly higher, with the Dow average touching 13,000 before pulling back

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Dell shares drop more than 3% after hours following PC maker’s report of lower profit

Market Watch — Tue, 21 Feb 2012 21:09:45 +0000

Dell shares drop more than 3% after hours following PC maker’s report of lower profit

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Why Facebook Must Stay Quiet

Business Week — Tue, 21 Feb 2012 20:52:39 +0000

Like other companies that file to sell publicly listed stock, Facebook must limit its statements to comply with federal rules

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The Rift That’s Tearing Apart Wynn Resorts

Wall Street Journal — Tue, 21 Feb 2012 19:56:31 +0000

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WSJ’s Alexandra Berzon checks in on Mean Street with the latest on the rift between Wynn Resorts partners Steve Wynn and Kazuo Okada. Photo: Agence France-Presse/Getty Images.

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Dow 13,000 in a Struggling Economy

Wall Street Journal — Tue, 21 Feb 2012 19:53:33 +0000

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Barron’s Associate Editor Michael Santoli makes a stop on Mean Street to look at the recent strength of the stock market and the 13,000 mark – crossed by the Dow Jones Industrials on Tuesday morning. Photo: AP.

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After Bailout, Where Does Greece Go From Here?

Wall Street Journal — Tue, 21 Feb 2012 19:49:29 +0000

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Dow Jones Newswires reporter Matina Stevis visits Mean Street to discuss the future of Greece and the Eurozone after a bailout package was approved for the troubled country on Tuesday. Photo: Reuters.

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Relief Vies With Shame on Streets of Athens

CNBC — Tue, 21 Feb 2012 19:19:00 +0000

Relief mingled with a sense of shame on the streets of Athens as Greeks, who in two months could be choosing a new government, digested what the second bailout means for a country now being treated as the sick patient of the 17-nation currency union.

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