News Headline Summary

RANsquawk - Today's trading edge

TIME: 1753GMT
NEWS: W&T Offshore (WTI) announces its second special cash dividend of USD 0.32 per share
REACTION: Co. shares moved up 1.37% in immediate reaction to the news, currently trading at USD 16.88

TIME: 1646GMT
NEWS: Scotts Miracle Gro (SMG) sees 2013 EPS USD 2.50-2.75 excluding restructuring costs
REACTION: SMG shares moved 0.96% lower in immediate reaction from USD 42.61 to USD 42.17.

TIME: 1500GMT
NEWS: Elelixis (EXEL) announced that Michael Morrissey, the co. CEO, will present at the JP Morgan annual health conference at 1700EST/2200GMT; during the presentation the CEO will review the company's development plans
REACTION: EXEL shares initially popped lower by 6.3% but pared the majority of the move, climbing back higher by 5.25%.

TIME: 1447GMT
NEWS: Quad/Graphics (QUAD) increases quarterly dividend 20%, declares special dividend of USD 2 per share
REACTION: In reaction to this announcement co. shares popped 4.5% to the upside, moving from USD 16.76 to USD 17.55.

TIME: 1443GMT
NEWS: Market talk that Samsung have tabled a USD 65 per share bid for SanDisk (SNDK) - Unconfirmed
REACTION: SNDK move 0.99% higher in immediate reaction to the news.

TIME: 1110GMT
NEWS: Swedish finance minister Borg says Swedish unemployment likely to continue to rise
REACTION: Over 1 minute, EUR/SEK moved 90 pips higher from 8.7534 to 8.7624.

TIME: 1101GMT
NEWS: Fiat (F IM) says they have no plan for a capital hike
REACTION: Co. shares immediately spiked 2.94% from EUR 3.5497 to EUR 3.6551.

TIME: 1046GMT
NEWS: Office of Fair Trading clears the London Stock Exchange (LSE LN) purchase of LCH. Clearnet
REACTION: In reaction to this announcement LSE shares moved higher by 1.4%, from GBP 10.20 to GBP 10.34.

14 Dec 2012 - 16:31 - - Source: RANsquawk

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