News Headline Summary

RANsquawk - Today's trading edge

TIME: 1955GMT
NEWS: For Questcor (QCOR): Very high dose of presnisolone is a reasonable alternative to ACTH for children with infantile spasms according to Citron
REACTION: QCOR shares traded 2.73% lower in reaction to the news, going from USD 26.29 to USD 25.58.

TIME: 1912GMT
NEWS: Coinstar (CSTR) seeing downside following the announcement of a deal between Netflix and Disney, Liberty Media (LMCA) also seeing a move to the downside since the announcement of the deal.
REACTION: CSTR shares fell 3.48% in reaction to the news, going from USD 47.46 to USD 45.79. LMCA shares fell 7.3% in reaction to the news going from USD 111.76 to USD 104.43.

TIME: 1846GMT
NEWS: Netflix (NFLX) and Walt Disney (DIS) announce multi year premium pay TV window agreement in the US
REACTION: NFLX popped 2.14% to the upside going from USD 78.21 to USD 79.90 in reaction to the news. In the 5 minutes following this headline co. shares gained 5% in total from pre-announced levels.

TIME:1603GMT
NEWS: Italy's Equinox fund and Clessidra have presented an offer for Telecom Italia's (TME IM) media division
REACTION: TME IM shares increased 1.5% in immediate reaction to the news from EUR 0.1661 to EUR 0.1685

TIME: 1446GMT
NEWS: Orbital Sciences (ORB) wins USD 900mln contract from the Department of Defense
REACTION: In immediate reaction shares increased 1.81% from USD 13.26 to USD 13.51.

TIME: 1332GMT
NEWS: Darden Restaurants (DRI) cut their forecast
REACTION: Trades down 8.5% in pre-market trade following this announcement.

TIME:1046GMT
NEWS: Tullow Oil (TLW LN) says well offshore French Guiana has completed drilling and did not encounter commercial hydrocarbons at the location
REACTION: Co. shares moved 1.5% lower in immediate reaction to the news from GBP 13.53 to GBP 13.33.

TIME:0942GMT
NEWS: GN Store Nord (GN DC) may lose EUR 1.1bln suit against regulator
REACTION: In an immediate reaction, co. shares spiked 1.1% lower from DKK 81.55 to DKK 80.64.

Print 21:32, 04 Dec 2012 - Market Analysis - Source: RANsquawk