News Headline Summary

RANsquawk - Today's trading edge

TIME: 1958GMT
NEWS: Spain sees room for deal between Repsol (REP SM) and YPF (YPF) on seizure according to the Spanish foreign affairs minister
REACTION: YPF shares spiked 11.55% in immediate reaction to the news, going from USD 10.27 to USD 11.45.

TIME: 2102GMT
NEWS: Hologic (HOLX) Q4 adjusted EPS USD 0.37 vs. Exp. USD 0.36
REACTION: HOLX shares trade down 2.9% in after-market trade following this report.

TIME: 1956GMT
NEWS: Idenix (IDIX) downgraded to hold from buy at Maxim
REACTION: Shares fell 2.6% in immediate reaction to the news, dropping to USD 4.49 from USD 4.60.

TIME: 1921GMT
NEWS: Market talk True Religion (TRLG) is to attract foreign bidders and private equity - Unconfirmed
REACTION: In reaction to this talk co. shares moved 3.7% higher to touch a high at USD 26.80; trades USD 26.34 last.

TIME: 1700GMT
NEWS: Genesco (GCO) upgraded to strong buy at CL King, USD 77 target price
REACTION: GCO shares jumped 0.80% in reaction to the news, going from USD 57.76 to USD 58.22.

TIME: 1441GMT
NEWS: JP Morgan are negative on BIG (BIG) after advertising big price cuts
REACTION: In reaction to the news shares fell 0.98% from USD 28.93 to USD 28.64.

TIME: 1434GMT
NEWS: Provident Service (PRSC) upgraded to buy from hold at Noble Financial
REACTION: Shares rose 2.44% in reaction to the news, from USD 12.11 to USD 12.41.

TIME:0954GMT
NEWS: Egyptian entrepreneur Naguib Sawiris says figures cited in media in relation to Telecom Italia (TIT IM) offer is "inaccurate and excessive"
REACTION: In an immediate reaction, co. shares fell 1.05% from 0.7254 to EUR 0.7179.

TIME: 0938GMT
NEWS: Telecom Italia (TIT IM) says Sawiris interested in buying shares
REACTION: In an immediate reaction, co. shares spiked up 1.37% at EUR 0.7235 to EUR 0.7335.

Print 21:29, 12 Nov 2012 - Economic commentary - Source: RANsquawk