Latest News In Stock Market Investment Research – Nov 14, 2008

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InBev gets antitrust clearance for Anheuser-Busch buy

14 Nov 2008 at 11:39am

SAN FRANCISCO (MarketWatch) — InBev said Friday it received antitrust clearance from the Department of Justice for its $52 billion acquisition of Anheuser-Busch Cos. . The Justice Department earlier said it required InBev to divest its Labatt USA unit to proceed with the deal. InBev said the divestiture of Labatt will not be material to its overall business. InBev said a closing date on the Anheuser-Busch transaction has not yet been announced, but expects to close it “as soon as practicable.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

DoJ requires InBev to divest Labatt in Anheuser-Busch buy

14 Nov 2008 at 11:29am

SAN FRANCISCO (MarketWatch) — The Department of Justice said Friday it will require InBev to divest its Labatt USA unit to proceed with its $52 billion acquisition of Anheuser-Busch Cos. . The Justice Department said InBev’s original transaction would have likely led to higher beer prices in the Buffalo, Rochester and Syracuse, N.Y., metro areas.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

FedEx to increase ground, home delivery rates 5.9% in 2009

14 Nov 2008 at 11:06am

SAN FRANCISCO (MarketWatch) — FedEx Corp. said Friday it will raise rates for ground and home delivery by an average 5.9% in 2009. The new rates are effective Jan. 5. FedEx recently announced a hike of 6.9% on its FedEx Express rates, which will also go into effect on Jan. 5.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Gold futures climb more than $40 on Globex

14 Nov 2008 at 10:28am

SAN FRANCISCO (MarketWatch) — December gold climbed $41.80, or 5.9%, to $746.80 an ounce Friday afternoon on Globex. “The major driving force in the gold market over the past day has been the drop of the U.S. dollar versus the euro,” said Peter Spina, an analyst at GoldSeek.com. Gold neared “some terrific support around $700 and with the strength in the euro, it helped to motivate upside momentum.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Moody’s may downgrade British Airways’ ratings

14 Nov 2008 at 9:58am

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Friday placed all of British Airways’ ratings, including its Baa3 corporate family rating, on review for possible downgrade. The review was prompted by the continued weakness in the company’s operating results, largely due to the impact of significantly higher fuel prices. The ratings agency added that a downgrade, if any, would be limited to one notch.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Nissan shares slip on reports of production cuts

14 Nov 2008 at 9:48am

SAN FRANCISCO (MarketWatch) — Nissan Motors’ U.S.-listed shares fell almost 7% to $7.73 on Friday after the Japanese automaker reportedly cut production for the second time in two weeks. Nissan said it plans to lower domestic output by 72,000 cars and trucks during the remainder of the fiscal year through March 2009, according to the Associated Press. The reduction comes on top of a global production cut of 200,000 vehicles it announced on Oct. 31.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

S&P cuts Hercules, Ashland ratings on acquisition

14 Nov 2008 at 8:48am

SAN FRANCISCO (MarketWatch) — Standard & Poor’s lowered its corporate credit ratings on Ashland Inc. and Hercules Inc. to BB- from BB+ on the acquisition of Hercules by Ashland. The outlook is stable. “The lower rating is based on our current expectation of somewhat weaker earnings and cash flow in 2009 than in 2008, versus our earlier expectation that earnings and credit measures would begin to strengthen in 2009,” S&P said in a statement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Dean Foods shares upgraded after recent slide

14 Nov 2008 at 8:43am

SAN FRANCISCO (MarketWatch) — Dean Foods Co. shares popped as much as 11% early Friday as investors found the bruised stock more attractive following a two-week slide. Broker Stifel Nicolaus raised its stock rating to buy, from hold, and set a price target of $18 a share. Analyst Christopher Growe wrote that the “downdraft in the share price provides a chance for investors to pick up the shares on the cheap in our opinion and take advantage of what we see as an improving growth profile in 2009.” Dean Foods shares have tumbled 23% since the largest U.S. milk producer reported third-quarter earnings. Dallas-based Dean Foods sells brands such as Horizon Organic Milk, International Delight coffee creamers, and Silk Soy milk. The stock rose to $14.90 in morning trades.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

U.S. natural-gas supply up 62 bln cubic feet: Energy Dept.

14 Nov 2008 at 8:37am

SAN FRANCISCO (MarketWatch) — Natural-gas inventories rose by 62 billion cubic feet for the week ended Nov. 7, the U.S. Energy Department said Friday. Analysts at IHS Global Insight expected a climb of 40 billion. Total stocks now stand at 3.467 trillion cubic feet, down 72 billion cubic feet from the year-ago level but 117 billion cubic feet above the five-year average, the government data said. December natural gas was down 3.6% at $6.088 per million British thermal units on Globex.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Bush nominates Neil Barofsky to oversee bailout

14 Nov 2008 at 8:37am

SAN FRANCISCO (MarketWatch) — President George Bush on Friday nominated an assistant U.S. attorney general in New York to oversee the Treasury’s $700 billion bailout. Bush nominated Neil Barofsky as the Treasury’s point person to oversee the financial rescue. Barofsky must be confirmed by the Senate.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Obama, McCain to meet Monday in Chicago

14 Nov 2008 at 8:06am

WASHINGTON (MarketWatch) — President-elect Barack Obama will meet his former opponent Sen. John McCain on Monday in Chicago, an Obama spokeswoman said Friday. Obama and McCain “share an important belief that Americans want and deserve a more effective and efficient government, and will discuss ways to work together to make that a reality,” said Obama spokeswoman Stephanie Cutter.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Consumer sentiment rises in November

14 Nov 2008 at 8:00am

WASHINGTON (MarketWatch) — U.S. consumer sentiment rose in November from the prior month, though it remains at relatively low levels, according to a media report on the University of Michigan/Reuters index released Friday. The index reached 57.9 in early November from 57.6 in late October. Economists surveyed by MarketWatch were expecting a November reading of 56.5.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Airline stocks decline with wider market

14 Nov 2008 at 7:44am

NEW YORK (MarketWatch) – Airline stocks took a turn into the red early Friday along with the wider market amid signs of a deteriorating global economy. At last check, the Amex Airline Index fell nearly 4% to 19.94 points with all of its 13 components trading down. Investors sent shivers down the market spine as they worried about a prior-day’s rally ability to sustain itself. The Dow Jones Industrial Average shed more than 100 points most recently to 8,718. Major carriers posted losses, with Continental off 4% to $12.19, United parent UAL Corp. down 4% to $10.55, and US Airways declining nearly 6% to $6.15.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Energy stocks move into the red

14 Nov 2008 at 7:39am

NEW YORK (MarketWatch) — Energy stocks fell on Friday to move further into the red for the week despite a big rally in the previous session. The Amex Oil Index fell 3% to 911. The Amex Natural Gas Index dropped 3.4% to 405.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Sun leads drop in tech stocks on opening bell

14 Nov 2008 at 7:39am

SAN FRANCISCO (MarketWatch) — Technology stocks fell on Friday’s opening bell after Sun Microsystems announced that it plans to lay off as many as 6,000 employees in a cost-cutting move. Shares of Sun fell 3.4% in early trading. Other hardware stocks such as Apple , Hewlett-Packard and Dell were also trading down. The tech-heavy Nasdaq Composite Index fell 2% while the Morgan Stanley High-Tech Index was down nearly 3% following the opening bell.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

source: MarketWatch

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November 14 2008 11:00 am | Stock Market News

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