News Headline Summary

RANsquawk - Today's Trading Edge

TIME: 2026GMT
NEWS: US said to probe Constellation (STZ) plans to expand Modelo plant.
REACTION: Co. shares immediately moved lower by 3.85% from USD 44.12 to USD 42.22, before quickly paring the move.

TIME: 2005GMT
NEWS: Positive commentary for United Online (UNTD), sources say Co. would make an attractive private equity target.
REACTION: Co. shares immediately moved 1.41% higher from USD 5.95 to USD 6.04.

TIME: 1851GMT
NEWS: Royal Caribbean Cruises Ltd (RCL) says Vision of the Seas ship has arrived in Port Everglades on Friday with an elevated number of ill passengers.
REACTION: Co. shares immediately moved 1.19% lower from USD 33.87 to USD 33.47.

TIME: 1831GMT
NEWS: Nielsen’s (NLSN) Expositions unit is up for sale and could fetch up to USD 1bln, according to sources.
REACTION: Nielsen shares immediately moved higher by 1.01% from USD 34.27 to USD 34.62.

TIME: 1828GMT
NEWS: South Africa's Gov. Marcus says ZAR fall vs. USD a bit overdone
REACTION: In an immediate reaction, USD/ZAR fell 287 pips from 9.1226 to 9.0937.

TIME: 1711GMT
NEWS: Fitch downgrades Italy to 'BBB+'; outlook negative
REACTION: In immediate reaction, EUR/USD fell 48 pips from 1.3008 to 1.2960, DAX immediately moved lower by 6.5 points from 7981.50 to 7975.00 and Bunds immediately moved higher by 18 ticks from 142.46 to 142.64.

TIME: 1644GMT
NEWS: Market talk that Comtech Telecommunications (CMTL) was near a deal to sell to General Dynamics recently, but the talks broke down – unconfirmed.
REACTION: Comtech shares immediately moved higher by 6% from USD 25.85 to USD 27.40.

TIME: 1606GMT
NEWS: Vail Resorts (MTN) have been upgraded to buy from market perform at Janco.
REACTION: Co. shares immediately moved higher by 1.22% USD 61.37 to USD 62.12.

TIME: 1604GMT
NEWS: For InterOil (IOC), government rejects reports that Co. has received approval for a 3.8mln tonne LNG project.
REACTION: Co. shares immediately moved lower by 2.21% from USD 77.18 to USD 75.48.

TIME: 1552GMT
NEWS: MBIA (MBI) loses appeals court bid to recover Indymac loss from FDIC.
REACTION: In an immediate reaction, Co. shares moved lower by 2.83% from USD 12.69 to USD 12.33.

TIME: 1531GMT
NEWS: MYR Group (MYRG) upgraded to overweight from equalweight at Johnson Rice.
REACTION: In the 5 minutes following the news, Co. shares moved higher by 3.39% from USD 23.17 to USD 23.96.

TIME: 1519GMT
NEWS: InvenSense (INVN) likely to be supplier for new Apple (AAPL) iPhone 5s, according to Wedge Sales.
REACTION: Co. shares immediately moved higher by 2.20% from USD 11.45 to USD 11.70.

TIME: 1500GMT
NEWS: Mexican central bank cuts overnight rate to 4.00% from 4.50% vs. Exp. 4.50%.
REACTION: USD/MXN immediately moved 731 pips higher from 12.7107 to 12.7838, but then pared the full move in 2 minutes after.

TIME: 1133GMT
NEWS: ThyssenKrupp’s (TKA GY) Cromme steps down as chairman of supervisory board.
REACTION: Co. shares immediately moved 1.0% higher from EUR 17.20 to EUR 17.37. Co. shares then continued to move higher to gain 1.65%, in the 4 minutes after the news.

08 Mar 2013 - 21:24 - - Source: RANsquawk

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