News Headline Summary

RANsquawk - Today's trading edge

NEWS: RBNZ says watching for greater degree of inflation pressure
REACTION: NZD/USD moved around 23 pips to the upside from USD 82.55 to 82.78 following the inflation comment.

NEWS: Tata may boost its offer for Orient Express (OEH) by 10-15%
REACTION: Shares spiked 7.8% from USD 12.17 to USD 13.13 before steadying at the USD 12.76 level.

NEWS: Market talk for Nordstrom (JWN): hearing negative comments from Mosaic - unconfirmed
REACTION: JWN shares dropped 2.30% in reaction to this news, going from USD 53.50 to USD 52.26. In the 1 min following the news shares dropped a further 0.70% to USD 51.90.

NEWS: Liberty Media's (LMCA) Starz unit expected to be spun out of the company in the early part of January 2013 according to a source
REACTION: Co. shares moved 2.17% higher in immediate reaction to the news from USD 105.64 to USD 107.98.

NEWS: Market talk of a Japanese language Nikkei Newswire story that says the latest surveys suggest the opposition LDP party in Japan could win a majority - Unconfirmed
REACTION: On the squawk we pointed out a Nikkei news article translated from Japanese to English stating the above, the article was featured on several news wires at 1831GMT, during the intervening period USD/JPY gained 19 pips going from 82.22 to 82.41

NEWS: Supervalu (SVU) said moving towards the sale of two chains to Cerberus
REACTION: In immediate reaction to the news shares increased 12.33% from USD 2.48 to USD 2.79.

NEWS: Gannett (GCI) sees total revenue up over 5% in Q4
REACTION: Shares move 1.80% to the upside in reaction to the news from USD 17.47 to USD 17.79.

NEWS: Negative news for Amarin (AMRN) as Summer Street research say that Vascepa's lack of outcome data will detract third party payers which will favour GlasoSmithKline's (GSK LN) Lovaza
REACTION: Co. shares moved 1.36% to the downside in immediate reaction from USD 12.52 to USD 12.35.

NEWS: Alstom (ALO FP) gets USD 5.8bln contract in South Africa and to create 33,000 jobs
REACTION: In an immediate reaction, co. shares spiked up 1.02% from EUR 28.95 to EUR 29.25.

NEWS: Greek bank stability fund head says Greek banks have liquidity shortfall
REACTION: Athens Stock Exchange has increased by 0.95% this morning with Financials the best performing sector (+2.15%).

05 Dec 2012 - 21:18 - Forex Rumour - Source: RANsquawk

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