News Headline Summary

RANsquawk Today's Trading Edge:

TIME: 1948GMT
NEWS: LRR Energy (LRE) raises quarterly cash distribution to USD 0.48 per unit
REACTION: Co. shares moved 1.7% higher in reaction to this headline

TIME: 1916GMT
NEWS: WSJ writes "ST-Ericsson (ERIC) Hired J.P. Morgan to Explore Options and Possible Sale"
REACTION: In the 3 minutes following the news ERIC shares spiked higher by 3.01%, going from USD 10.29 to USD 10.62.

TIME: 1844GMT
NEWS: In reaction to this co. shares moved 7.7% higher
REACTION: In reaction to this co. shares moved 7.7% higher

TIME: 1748GMT
NEWS: House majority leader Cantor says House to authorise bill next week to extend debt limit by three months
REACTION: In immediate reaction to the comments, E-mini S&P moved higher from 1472.5 to 1474.75, T-notes moved 1+ ticks lower from 132.06+ to 132.05. WTI crude futures moved USD 0.17 higher from USD 95.31 to USD 95.48.

TIME: 1747GMT
NEWS: For Molycorp (MCP) multiple suitors are eying Co. as a takeover target according to an article in Smart Planet
REACTION: MCP shares immediately moved 4% higher

TIME: 1651GMT
NEWS: Triumph Group (TGI) reports pact to buy Goodrich Pump & Engine, sees purchase adding to earnings immediately
REACTION: In an immediate reaction, co. shares spiked 1.44% higher from USD 68.36 to USD 69.34.

TIME: 1544GMT
NEWS: Market talk that PPR (PP FP) will make a bid for remaining Puma (PUM GY) shares - Unconfirmed
REACTION: PUM GY shares have risen by approximately 2.4% over 10 minutes.

TIME: 1530GMT
NEWS: IMF says lower rates on EFSF loans to Greece are a possibility
REACTION: EUR/USD moved 12 pips lower from 1.3312 to 1.3300 in the immediate reaction

TIME: 1446GMT
NEWS: Market talk Einhorn is to declare a short position in Monster (MNST) - unconfirmed
REACTION: Co. shares moved 1.92% lower in reaction to the news from USD 49.53 to USD 48.59.
TIME:
NEWS: For Vringo (VRNG), patent offices rejects 3 out of 4 Google arguments against Co.
REACTION: VRNGO shares moved 6% higher in reaction to this news, going from USD 3.16 to USD 3.35.

TIME: 1434
NEWS: Avondale downgrades United Continental Airlines (UAL), Jet Blue (JBLU) and Southwest Airlines (LUV) to market perform
REACTION: UAL shares were seen down 1.75% in reaction to the news, JBLU shares were also down 1.62%

TIME: 1431GMT
NEWS: Positive for Netflix (NFLX), ITG Majestic saying Q4 streaming subs are going to be better than expected
REACTION: Strength was seen in NFLX shares at the open following this positive report, shares moved higher by 2% in the 3 minutes following the news.

TIME: 0935GMT
NEWS: ThyssenKrupp (TKA GY) CEO says will do everything to restore dividend
REACTION: In an immediate reaction, co. shares spiked higher by 1.13% from EUR 18.09 to EUR 18.29.

18 Jan 2013 - 22:54 - - Source: RANsquawk

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