Market Wrap: Boehner's 'Other' Plan; Massive Media Measurement Merger; Dick's Halts Rifle Sales
Tweet
Share
E-mail
Get Alerts NLSN Hot Sheet
Join SI Premium – FREE
Market wrap-up for December 18th
End of the Day: S&P 500 up 16.4 to 1,446.79; Dow Jones up 115.6 to 13,350.96; Nasdaq up 43.9 to 3,054.53
The following is a brief summary of events moving markets today:
* House Speaker John Boehner proposed a "Plan B" for the fiscal cliff. The announcement, made before his GOP constituents, was made in the event both parties not be able to come to an agreement on measures to solve the dilemma before the January 1st deadline.
Boehner proposes that taxes should go up only on households making $1 million or more per year along with entitlement cuts and a tax reform debate sometime in 2013. For more color, click here.
* Nielsen Holdings N.V. (NYSE: NLSN) entered a definitive agreement to acquire Arbitron Inc. (NYSE: ARB) for $48 per share in an all-cash deal valued at $1.26 billion.
* In response to the Sandy Hook massacre, Cerberus Capital will sell its stake in Freedom Group, a privately-held maker of firearms and ammo.
Dick's Sporting Goods (NYSE: DKS) also responded, saying it would halt nationwide sales of sporting rifles. For more and the company statement, click here.
* Michigan Governor Rick Snyder vetoed a bill which would have allowed guns in schools. Primarily, Snyder made the move due to public entities like hospitals, day-care centers, and others to opt-out of the rule.
The move comes just days following the shootings in Newtown, Connecticut. Michigan legislature approved the measure just 24-hours before the tragic event.
* ConocoPhillips (NYSE: COP) has entered into an agreement to sell its Algerian business unit for a total of $1.75 billion plus customary adjustments. The proposed sale is subject to co-venturer preemption rights and Algerian government approval. For the release, click here.
* Oracle Corp (Nasdaq: ORCL) reported Q2 EPS of $0.64 and revs of $9.09 billion, topping consensus views calling for EPS of $0.61 and revs of $9.03 billion. For more color, click here.
* Carl Icahn-controlled American Railcar (Nasdaq: ARII) sent an offer to acquire Greenbrier (NYSE: GBX) for $20 per share, a premium of 26 percent over Monday's closing price for Greenbrier. For more on the deal, click here.
Click here to go to Streetinsider's Full News Feed and never miss a beat!
End of the Day: S&P 500 up 16.4 to 1,446.79; Dow Jones up 115.6 to 13,350.96; Nasdaq up 43.9 to 3,054.53
The following is a brief summary of events moving markets today:
* House Speaker John Boehner proposed a "Plan B" for the fiscal cliff. The announcement, made before his GOP constituents, was made in the event both parties not be able to come to an agreement on measures to solve the dilemma before the January 1st deadline.
Boehner proposes that taxes should go up only on households making $1 million or more per year along with entitlement cuts and a tax reform debate sometime in 2013. For more color, click here.
* Nielsen Holdings N.V. (NYSE: NLSN) entered a definitive agreement to acquire Arbitron Inc. (NYSE: ARB) for $48 per share in an all-cash deal valued at $1.26 billion.
* In response to the Sandy Hook massacre, Cerberus Capital will sell its stake in Freedom Group, a privately-held maker of firearms and ammo.
Dick's Sporting Goods (NYSE: DKS) also responded, saying it would halt nationwide sales of sporting rifles. For more and the company statement, click here.
* Michigan Governor Rick Snyder vetoed a bill which would have allowed guns in schools. Primarily, Snyder made the move due to public entities like hospitals, day-care centers, and others to opt-out of the rule.
The move comes just days following the shootings in Newtown, Connecticut. Michigan legislature approved the measure just 24-hours before the tragic event.
* ConocoPhillips (NYSE: COP) has entered into an agreement to sell its Algerian business unit for a total of $1.75 billion plus customary adjustments. The proposed sale is subject to co-venturer preemption rights and Algerian government approval. For the release, click here.
* Oracle Corp (Nasdaq: ORCL) reported Q2 EPS of $0.64 and revs of $9.09 billion, topping consensus views calling for EPS of $0.61 and revs of $9.03 billion. For more color, click here.
* Carl Icahn-controlled American Railcar (Nasdaq: ARII) sent an offer to acquire Greenbrier (NYSE: GBX) for $20 per share, a premium of 26 percent over Monday's closing price for Greenbrier. For more on the deal, click here.
Click here to go to Streetinsider's Full News Feed and never miss a beat!
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Growth isn't weak enough to truly undercut inflation pressures - BMO
- Bernstein asks: Can Airbnb copy Uber's recent outperformance?
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Carl Icahn, Cerberus Capital, Standard & Poor's, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
