News Headline Summary

RANsquawk - Today's trading edge

TIME: 1954GMT
NEWS: Hungarian minister Varge says Hungary's IMF/EU credit talks stay in deadlock due to IMF concern on taxes on banks
REACTION: EUR/HUF fell 89 pips in reaction.

TIME: 1950GMT
NEWS: Carl Icahn tells other investors he has taken a stake in Herbalife (HLF) according to sources
REACTION: Co. shares pop 3.4% higher in reaction to this news.

TIME: 1931GMT
NEWS: Stage Stores (SSI) expects to meet or exceed the high end of its sales and earnings guidance for FY 2012
REACTION: Co. shares pop 5.1% higher following this headline

TIME: 1725GMT
NEWS: China Life (LFC) downgraded at Credit Suisse
REACTION: LFC shares fell 1.60% in reaction to this news.

TIME: 1715GMT
NEWS: Swedish finance minister Borg says likely Riksbank will be earlier than other central banks to pull back stimulus
REACTION: In reaction to these comments EUR/SEK fell 157 pips to 8.6461 from 8.6618.

TIME:
NEWS: Update on Salesforce (CRM), Co. actually filed a letter from the SEC corporate finance branch chief in December that the review had concluded
REACTION: Co.'s shares rose 1.65% in reaction to this news, retracing some of the earlier losses.

TIME: 1503GMT
NEWS: Negative piece being run for Vivus (VVUS); Summer Street reporting that central pharmacy has made it difficult for doctors to prescribe Qsymia
REACTION: In reaction to the news VVUS shares dropped 1.87%

TIME: 1458GMT
NEWS: Salesforce (CRM) accounting issues in an SEC filing, revenue recognition, sub accounting, add backs and working capital all mentioned
REACTION: CRM shares fell 1.87% in reaction to the news, going from USD 171.62 to USD 168.44.

TIME:1451GMT
NEWS: Market talk that Accretive Health (AH) initiated with strong buy at Raymond James - unconfirmed
REACTION: In immediate reaction AH shares moved 1.41% to the upside, going from USD 12.51 to USD 12.68.

TIME: 1443GMT
NEWS: TUI Travel (TT/ LN) says aware of recent speculation and aware making this announcement in the interest of market clarity
REACTION: In an immediate reaction, TUI Travel shares spiked up 4.50% from GBP 2.86 to GBP 3.00.

TIME: 1214GMT
NEWS: TUI (TUI1 GY) owners are in discussion on a reverse takeover of TUI AG by TUI Travel (TT/ LN) according to sources
REACTION: In an immediate reaction, TUI1 GY shares popped 4.25% higher from EUR 7.465 to EUR 7.795 and the London listing TT/ LN moved 0.56% higher from GBP 2.76 to GBP 2.78. In the 3 minutes following the news TT/ LN moved 3.05% higher from GBP 2.78 to GBP 2.85.

TIME: 0911GMT
NEWS: Rhoen-Klinikum (RHK GY) CEO see higher 2013 revenue and profit according to reports in Manager Magazine
REACTION: Co. shares move 1.87% higher in immediate reaction to the news from EUR 14.82 to EUR 15.11.

Print 21:34, 16 Jan 2013 - Update - Source: RANsquawk