Market Wrap: Carlyle's Colorful Grab; Economic Data Weighs; Barclays' New Leader; More Spending!
- Futures tread higher as more earnings roll in
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil falls back after robust EU data as Mideast tensions linger
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- Apple, PepsiCo, JetBlue fall premarket; Amazon, GM and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
U.S. Consumer Spending Jumps 0.4% in July, May Hint at Snap of Shrinking GDP Growth
August 30, 2012 9:40 AM EDTAccording to new data from the U.S. Commerce Department, consumer spending in the U.S. rose 0.4 percent in July, the first increase in three months and up from a flat reading in June.
Expectations called for a 0.5 percent rise for the month.
Personal income rose 0.3 percent, which was in-line with expectations.
Coincidentally, Amazon.com... More
Validus (VR) to Acquire Flagstone Re (FSR) for Cash and Stock
August 30, 2012 8:02 AM EDTValidus Holdings, Ltd. (NYSE: VR) and Flagstone Reinsurance Holdings, S.A. (Flagstone) (NYSE: FSR) today announced that the boards of directors of both Validus and Flagstone have approved a definitive merger agreement pursuant to which Validus will acquire all of the issued and outstanding shares of Flagstone. Under the terms of the agreement,... More
Carlyle Group (CG) to Buy DuPont's (DD) DPC Unit in $4.9B Deal
August 30, 2012 7:49 AM EDTThe Carlyle Group (Nasdaq: CG) and DuPont (NYSE: DD) signed a definitive agreement whereby Carlyle will purchase DuPont Performance Coatings (DPC) for $4.9 billion in cash. The transaction is expected to close in the first quarter 2013, subject to customary closing conditions and regulatory approvals.
DPC is a global supplier of vehicle and industrial coating systems... More