Stocks on the move
Real-time equity news
U.S. stock market report
0721 EST 8Feb2010
Lionsgate may buy Disney's Miramax: NY Post
Hollywood studio Lionsgate, a unit of Lions Gate Entertainment Corp, is looking to buy Walt Disney's Miramax film unit, the New York Post said, citing sources inside or close to Lionsgate.
Lionsgate can not only afford Miramax, but could also be left unchallenged in its bid, as rivals may choose to pursue Metro-Goldwyn-Mayer, the bigger studio which is also struggling under $3.7 billion debt load, according to the paper.
In January, the New York Times reported that the film unit can fetch about $700 million.
For details, see
Shares of Lions Gate closed Friday at $5.14.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 EST 8Feb2010
Barron's sees 40 pct upside for Motorola
Shares of communications equipment company Motorola Inc could rise 40 percent if it spins off its profitable cellphone division even as the company faces many challenges, according to Barron's.
Motorola's stock looks attractive on a sum-of-the-parts basis, with its most valuable unit selling communications gear to police and fire departments, Barron's said.
For details, see
Shares of Motorola closed Friday at $6.40.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0714 EST 8Feb2010
Futures off as sovereign debt worries nag
U.S. stock index futures were lower on Monday as nagging worries about euro zone sovereign debt continued to weigh on sentiment.
For details, see
Dow Jones industrial average futures fell 4 points while S&P 500 futures slid 1.7 points and Nasdaq 100 futures fell 2.75 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0702 EST 8Feb2010-Crude oil flat after recent sell
off
Oil held above $71 a barrel on Monday, supported by a weaker U.S. dollar and as some investors viewed the previous session's decline to a near two-month low as a buying opportunity.
For details, see
March futures rose 0.1 percent to $71.28 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0700 EST 8Feb2010
Economic indicators for Feb. 8
Economic indicators on tap for Monday include January employment trends.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0656 EST 8Feb2010
Earnings diary for Feb. 8
Companies scheduled to report quarterly results on Monday include: CVS Caremark, Hartford Financial, Principal Financial Group and Lorillard, among others.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time equity news
U.S. stock market report
0721 EST 8Feb2010
Lionsgate may buy Disney's Miramax: NY Post
Hollywood studio Lionsgate, a unit of Lions Gate Entertainment Corp, is looking to buy Walt Disney's Miramax film unit, the New York Post said, citing sources inside or close to Lionsgate.
Lionsgate can not only afford Miramax, but could also be left unchallenged in its bid, as rivals may choose to pursue Metro-Goldwyn-Mayer, the bigger studio which is also struggling under $3.7 billion debt load, according to the paper.
In January, the New York Times reported that the film unit can fetch about $700 million.
For details, see
Shares of Lions Gate closed Friday at $5.14.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 EST 8Feb2010
Barron's sees 40 pct upside for Motorola
Shares of communications equipment company Motorola Inc could rise 40 percent if it spins off its profitable cellphone division even as the company faces many challenges, according to Barron's.
Motorola's stock looks attractive on a sum-of-the-parts basis, with its most valuable unit selling communications gear to police and fire departments, Barron's said.
For details, see
Shares of Motorola closed Friday at $6.40.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0714 EST 8Feb2010
Futures off as sovereign debt worries nag
U.S. stock index futures were lower on Monday as nagging worries about euro zone sovereign debt continued to weigh on sentiment.
For details, see
Dow Jones industrial average futures fell 4 points while S&P 500 futures slid 1.7 points and Nasdaq 100 futures fell 2.75 points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0702 EST 8Feb2010-Crude oil flat after recent sell
off
Oil held above $71 a barrel on Monday, supported by a weaker U.S. dollar and as some investors viewed the previous session's decline to a near two-month low as a buying opportunity.
For details, see
March futures rose 0.1 percent to $71.28 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0700 EST 8Feb2010
Economic indicators for Feb. 8
Economic indicators on tap for Monday include January employment trends.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0656 EST 8Feb2010
Earnings diary for Feb. 8
Companies scheduled to report quarterly results on Monday include: CVS Caremark, Hartford Financial, Principal Financial Group and Lorillard, among others.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
