News Headline Summary

RANsquawk - Today's Trading Edge

TIME: 2046BST
NEWS: Market talk MoneyGram (MGI) is up for sale - Unconfirmed
REACTION: In immediate reaction co. shares spiked higher by 23.77% from USD 20.09 to USD 24.89

TIME: 2037BST
NEWS: Orchard Supply (OSH) permitted to seek bids for store closing sales
REACTION: In reaction co. shares moved higher by 6.28% from USD 1.74 to USD 1.85

TIME: 2029BST
NEWS: Honda (HMC) agrees to settle US suit over non-road engine emissions without admitting liability
REACTION: In immediate reaction co. shares move higher by 2.72% from USD 36.34 to USD 37.32

TIME: 2001BST
NEWS: Honda (HMC) sued by US over emission from non-road engines
REACTION: In immediate reaction co. shares moved lower by 1.64% from USD 37.25 from USD 36.64

TIME: 1956BST
NEWS: Vitesse (VTSS) holder Columbia Pacific approached with interest in buying
REACTION: In immediate reaction co. shares moved 23.72% higher from USD 2.41 to USD 2.98

TIME: 1948BST
NEWS: Market talk that Huawei has no plans to acquire Nokia (NOK) - Unconfirmed
REACTION: In reaction Nokia's ADR moved lower by 2.04% from USD 3.94 to USD 3.86

TIME: 1829BST
NEWS: Agenus (AGEN) gets new USD 19 price target and Buy rating at Maxim
REACTION: In immediate reaction co shares moved higher by 10.82% from USD 3.70 to USD 4.10

TIME: 1751BST
NEWS: PennyMac (PMT) in pact with Citi for purchase of certain assets
REACTION: In reaction co. shares moved higher by 1.69% from USD 21.33 to USD 21.68

TIME: 1741BST
NEWS: FT writes "Huawei talks up Nokia (NOK1V FH) deal in smartphone market consolidation"
REACTION: In immediate reaction co. ADR moved higher by USD 6.67% from USD 3.72 to USD 3.97 – In the following 5 minutes co shares moved higher by a total of 10.75% to USD 4.12

TIME: 1725BST
NEWS: Icahn proposes Dell (DELL) commence offer for 1.1bln shares at USD 14 each
REACTION: In a knee jerk reaction co. shares moved higher by 2.23% from USD 13.44 to USD 13.74 before quickly paring most of the move

TIME: 1628BST
NEWS: Market talk that Moneygram (MGI) are in talks with potential buyers - Unconfirmed
REACTION: In the immediate reaction, Co. shares spiked 5.8% in a move from USD 19.51 to USD 20.65

TIME: 1533BST
NEWS: Market talk that Lenovo is back in talks to acquire BlackBerry (BBRY) for USD 25/shr - Unconfirmed
REACTION: In the immediate reaction, BBRY shares rose 1.6% from USD 14.32 to USD 14.55.

TIME: 1454BST
NEWS: Mechel (MTL) announces buyback program for up to USD 100mln ADRs
REACTION: In the immediate reaction, Co. shares moved 7.3% higher in a move from USD 2.91 to USD 3.13.

TIME: 1434BST
NEWS: Cowen positive on Rackspace (RAX)
REACTION: RAX shares moved 1.3% higher in the immediate reaction, moving from USD 36.28 to USD 36.76.

TIME: 1411BST
NEWS: Brazilian central bank is to auction second wave of currency swap contracts today
REACTION: USD/BRL moved 93 pips lower in immediate reaction to the news from 2.1707 to 2.1614.

TIME: 1341BST
NEWS: Brazilian central bank to auction swap contracts today
REACTION: In an immediate reaction, USD/BRL fell 81 pips from 2.1839 to 2.1758.

TIME: 1324BST
NEWS: SolarWorld (SWV GY) reaches agreement with all debenture creditors in a further milestone of the restructuring and plans subsequent capital increase
REACTION: SWV GY shares initially rose 4.0% from EUR 0.755 to EUR 0.785 before falling 20.7% from EUR 0.785 to EUR 0.623 over the following 60 minutes after the planned capital increase was squawked.

TIME: 0715BST
NEWS: ECB's Draghi says to use non-standard measures if circumstances warrant and ECB could further contribute to alleviating the banks' funding uncertainty by providing assurance that they could rely on our refinancing operations for extended periods. Analysts on the desk highlighted the importance of the headline with a 10- and 1-minute rundown over the squawk ahead of the release.
REACTION: EUR/USD immediately fell 13 pips from 1.3342 to 1.3329 as Sep-13 Bund futures rose 3 ticks from 143.63 to 143.66. From the European cash equity open, peripheral banks advanced strongly, with the likes of UniCredit and Banca Monte dei Paschi shares rising as much as 3% in early trade.

18 Jun 2013 - 15:44 - - Source: RANsquawk

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