News Headline Summary

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NEWS: Board of Gardner Denver (GDI) is to meet on Feb 25th to consider USD 75 per share offer from KKR & Co. according to a source
REACTION: Co. shares moved 1.01% higher in reaction to this headline; trades at highs of USD 72.20 last.

NEWS: J.C. Penney (JCP) planned layoffs smaller than reported by NY Post according to CNBC
REACTION: No immediate reaction was seen Co. shares following the news however in the minutes following the news, Co. shares moved 1.95% higher.

NEWS: OTR out positive on BlackBerry (BBRY), saying Z10 sales through the roof in Canada
REACTION: Co. shares moved 0.93% higher in immediate reaction to the news from USD 13.76 to USD 13.89.

NEWS: Positive for Ruckus Wireless (RKUS) after sources say the Co. was selected by Airtel for Wi-Fi networks
REACTION: Co. shares moved 6.17% higher in immediate reaction to the news from USD 18.53 to USD 19.68.

NEWS: Goodrich Petroleum (GDP) upgraded to buy from accumulate at KLR Group
REACTION: Co. shares opened around 2.5% higher at the opening bell.

NEWS: Volkswagen (VOW3 GY) 2012 operating profit EUR 11.5bln vs. Exp. EUR 11.5bln and net income EUR 21.7bln vs. Exp. EUR 22bln
REACTION: In immediate reaction, Co. shares spiked lower by 2.07% from EUR 176.85 to EUR 173.17. In tandem, BMW shares also fell around 0.7% from EUR 70.08 to EUR 69.63. DAX futures fell around 11 points.

NEWS: Japanese finance minister Aso says no plan to discuss South Korea buying during visit to South Korea
REACTION: In an immediate reaction, USD/JPY moved higher by 16 pips from 93.02 to 93.18

NEWS: Reserve Bank of Australia's governor Stevens says fair to say easing more likely
REACTION: AUD/USD immediately moved lower by 23 pips from 1.0294 to 1.0271.

22 Feb 2013 - 21:21 - Equities - Source: RANsquawk

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