News Headline Summary

RANsquawk - Today's trading edge

TIME: 1941BST
NEWS: Dan Loeb says Third Point no longer has Herbalife (HLF) position
REACTION: HLF shares fell 1% in reaction from USD 45.24 to USD 44.79.

TIME: 1911BST
NEWS: There was talk on Twitter of an article from Fed Watcher Hilsenrath, hinting at the Fed tapering QE sooner rather than later. This was covered on the squawk and although there was not an immediate reaction, a sell-off in equity markets occurred with the S&P 500 moving around 0.6% lower over a 1 hour period.

TIME: 1834BST
NEWS: Dendreon (DNDN) downgraded to Sell from Hold at Stifel
REACTION: Co. shares fell 1.1% in a move lower from USD 4.17 to USD 4.13 in reaction.

TIME: 1709BST
NEWS: Fusion-io (FIO) CEO says board did not direct a sale of the company
REACTION: In an immediate reaction to these comments FIO shares gained 3.29% from USD 14.55 to USD 15.03

TIME: 1633BST
NEWS: Market talk Carl Icahn has to file a significant stake in BlackBerry (BBRY) - Unconfirmed
REACTION: In an immediate reaction, Co. shares moved 1.91% higher from USD 14.99 to USD 15.28.

TIME: 1600BST
NEWS: Netflix (NFLX) and Disney/ABC Television Group (DIS) announce new multi-year licensing agreement for five popular Disney Junior and Disney XD shows
REACTION: NFLX shares moved 1.72% higher in immediate reaction to the news from USD 207.31 to USD 210.93.

TIME: 1545BST
NEWS: For Barnes & Noble (BKS) Riggio deal put on hold, according to sources
REACTION: Co. shares moved 4.44% lower in immediate reaction to the news from USD 21.53 to USD 20.58.

TIME: 1518BST
NEWS: AVG Technologies (AVG) announces 2.5 million share repurchase program
REACTION: In an immediate reaction, Co. shares moved 3.56% higher from USD 16.41 to USD 17.00.

TIME: 1443BST
NEWS: Arkansas Best (ABFS) says has not engaged in subsequent discussions with YRC
REACTION: In an immediate reaction, Co. shares moved 5.32% higher from USD 16.31 to USD 17.17.

TIME: 1442BST
NEWS: 86Research saying the think that Alibaba could buy Autonavi (AMAP) for a 10 to 30% premium (AMAP)
REACTION: In immediate reaction co. shares gained 2.71% from USD 14.67 to USD 15.06

TIME: 1334BST
NEWS: Hungary's ruling party asks government to resist EU austerity demand
REACTION: In an immediate reaction, EUR/HUF moved 34 pips higher from 293.17 to 293.52.

TIME: 1210BST
NEWS: Sky News Mark Kleinman writes "Crisis at Kazakh-based FTSE 100 miner ENRC (ENRC LN) deepens as Deutsche Bank and Morgan Stanley resign as City broker"
REACTION: In reaction to this report co. shares fall 4.2% from GBP 3.00 to GBP 2.87.

TIME: 1126BST
NEWS: S&P cuts Egypt to CCC+ from B-; outlook stable
REACTION: In the following 15 mins USD/EGP moved 58 pips higher.

Print 20:59, 09 May 2013 - Update - Source: RANsquawk