NEWS: Visa (V) and Mastercard (MA) get initial approval for USD 7.5bln swipe fee deal according to Bloomberg
REACTION: Visa shares jumped 1.25% in reaction to the news, last trade at USD 143.79, Mastercard shares jumped 0.99% in reaction, last trade at USD 468.68
NEWS: FTC said to seek more divestitures in Hertz(HTZ) Dollar Thrifty (DTG) deal
REACTION: Hertz shares dropped 1.21% from USD 13.79 to USD 13.62 in reaction to the news.
NEWS: Medicis Pharmaceutical (MRX) falls to session lows; Q-Med lawsuit in filing earlier
REACTION: MRX had earlier dropped -4.57% to USD 40.36 attributed to this story, however shares have now bounced to USD 41.39.
NEWS: Molycorp (MCP) discloses SEC investigation of accuracy of public disclosures from 10Q
REACTION: MCP shares have seen downside in recent trade and have now been halted for trade at USD 7.57.
- MCP have now resumed trade and have pulled off session lows; trades USD 8.04 last (-7.4%).
NEWS: Market talk of a potential Exxon Mobil (XOM) bid for Range Resources (RRC)
REACTION: RRC shares jumped 1.07% from USD 66.04 to USD 66.76 in reaction to the news.
NEWS: JC Penney (JCP) adjusted loss per share USD 0.93 vs. Exp. loss per share USD 0.07
REACTION: Co. shares trading down 10% in pre-market trade following this poor report.
NEWS: BoE's King says size of asset purchases, sales will need to take into account repayments of maturing bonds
REACTION: In reaction to the news, UK 10-year gilts futures move 31 pips to the upside from 120.60 to 120.91.
Print 21:03, 09 Nov 2012 - Market Analysis - Source: RANsquawk
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