Burger King to Buy Tim Hortons for About $11.4 Billion

Posted by Forexsq 7 days ago (http://www.bloomberg.com)
img Burger King Worldwide Inc. (BKW) agreed to acquire Tim Hortons Inc. for about C$12.5 billion ($11.4 billion) in a deal that creates the third-largest fast-food company and moves its headquarters to Canada.

Tim Hortons investors will receive C$65.50 in cash and 0.8025 a share of the combined entity for each share they own, the companies said in a statement today. The deal, which is backed in pa

U.S. Stocks Trade Little Changed as S&P 500 Tops 2,000

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img U.S. stock futures were little changed, after the Standard & Poor’s 500 Index closed above 2,000 for the first time, as Tiffany & Co. (TIF) climbed while Smith & Wesson Holding Corp. slumped on earnings projections.

Tiffany added 3 percent as it raised its full-year forecast after higher prices boosted quarterly revenue. Smith & Wesson tumbled 11 percent after the gunmaker cut its full-year sa

U.S. Stocks Drop on Ukraine Conflict, Retailer Earnings

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img U.S. stocks fell the most in three weeks as violence in Ukraine intensified and retailers reported disappointing earnings.

Williams-Sonoma Inc. tumbled 11 percent after its third-quarter earnings forecast missed analysts’ estimates. Abercrombie & Fitch Co. declined 2.9 percent as second-quarter sales fell more than analysts had projected. Guess? Inc. sank 7.9 percent after the retailer cut its

U.S. Stocks Rise, Poised for Best Month Since February

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img U.S. stocks rose, with the Standard & Poor’s 500 Index poised to cap the best monthly gain since February, as financial and technology shares advanced.

The S&P 500 (SPX) added 0.2 percent to 2,000.85 at 9:32 a.m. in New York. The Dow Jones Industrial Average rose 28.48 points, or 0.2 percent, to 17,108.05. U.S. equity markets will be closed on Monday for the Labor Day holiday.

U.S. Stocks Fluctuate Near Record Before Factory Data

Posted by Forexsq 14 hours ago (http://www.bloomberg.com)
img U.S. stocks fluctuated, after the Standard & Poor’s 500 Index had its best month since February, as investors awaited data estimated to show manufacturing in the world’s biggest economy continued to expand in August.

The S&P 500 added 0.1 percent to 2,005.48 at 9:31 a.m. in New York. The Dow Jones Industrial Average slipped 1.45 points, or less than 0.1 percent, to 17,097. U.S. equity markets

U.S. Stock Futures Fluctuate After Record Amid Mergers

Posted by Forexsq 7 days ago (http://www.bloomberg.com)
img U.S. stock futures fluctuated, with the Standard & Poor’s 500 Index near the 2,000 mark, amid corporate mergers as investors weighed data on durable-goods orders before a report on consumer confidence.

Tim Hortons Inc. jumped 13 percent after Burger King Worldwide Inc. agreed to acquire the company in a C$12.5 billion ($11.4 billion) cash-and-share deal. Premier Inc. rose 2.1 percent after pre

Is Burger King moving to Canada?

Posted by Forexsq 8 days ago (http://money.cnn.com)
img Burger King is in merger talks with Canadian coffee chain Tim Hortons, a deal that would allow the burger seller to relocate out of the U.S. and possibly cut its tax bill.

Levine on Wall Street: The Mystery of Mortgage Fraud

Posted by Forexsq 8 days ago (http://www.bloombergview.com)
img Reversing the usual trend, low-level mortgage fraudsters get off, while Goldman pays billions in settlements. Also: Valeant/Allergan, CDS terms, Goldman partners, and the Harvard Club.

S&P 500 Fluctuates After Record Amid Yellen Comments

Posted by Forexsq 11 days ago (http://www.bloomberg.com)
img The Standard & Poor’s 500 Index fluctuated, after climbing to an all-time high yesterday, as Federal Reserve Chair Janet Yellen said slack remains in the U.S. labor market.

The S&P 500 fell less than 0.1 percent to 1,992.26 at 10:08 a.m. in New York. The benchmark gauge is heading for a 1.9 percent weekly increase, its biggest gain since April. The Dow Jones Industrial Average rose 12.43 point

S&P 500 Tops Record Level on Fed Bets Before Jackson Hole

Posted by Forexsq 12 days ago (http://www.bloomberg.com)
img U.S. stocks climbed, sending the Standard & Poor’s 500 Index above a closing record, as investors speculated the Federal Reserve will continue to support the economy as central bankers meet in Jackson Hole.

The S&P 500 added 0.1 percent to 1,988.94 at 9:34 a.m. in New York, above a closing high of 1,987.98 reached July 24.

“Markets are looking for some indication from Yellen as to what happ

Europe Stocks Rise as Data Signals Need for Stimulus

Posted by Forexsq 12 days ago (http://www.bloomberg.com)
img European stocks rose to the highest level this month as investors bet that a slowdown in euro-area manufacturing and services growth will increase pressure on the European Central Bank do more to support the recovery.

Raiffeisen Bank International AG (RBI) rallied the most since January 2012 after posting second-quarter net income that exceeded analysts’ projections. Nobel Biocare Holding AG a

Futures little changed with Fed minutes on tap

Posted by Forexsq 13 days ago (http://www.reuters.com)
img U.S. stock futures were little changed, after the Standard & Poor’s 500 Index climbed toward a record yesterday, as companies from Lowe’s Cos. to Target Corp. fell amid weaker forecasts and investors awaited minutes from the Federal Reserve’s last meeting.

Target lost 1.8 percent after reducing its earnings outlook as slumping sales and a money-losing push into Canada take a toll on profit. Lo

U.S. Stock Futures Are Little Changed Before Fed Minutes

Posted by Forexsq 13 days ago (http://www.bloomberg.com)
img U.S. stock futures were little changed, after the Standard & Poor’s 500 Index climbed toward a record yesterday, as companies from Lowe’s Cos. to Target Corp. fell amid weaker forecasts and investors awaited minutes from the Federal Reserve’s last meeting.

Target lost 1.8 percent after reducing its earnings outlook as slumping sales and a money-losing push into Canada take a toll on profit. Lo

Nasdaq revisits March 2000, and it’s the saddest party ever

Posted by Forexsq 14 days ago (http://blogs.marketwatch.com)
img It took a long time, but the Nasdaq COMP just got back to where it was in the dot-com days. That is, it’s back to where it was March 31, 2000, though some 11% off the 5,048.62 peak seen March 10. Still, where’s the DJ and the shrimp platters? (Editor’s note: An earlier version used the word peak in the headline of this blog and also didn’t included the added information in this graph about the l

U.S. stocks: Futures extend gains after housing starts

Posted by Forexsq 14 days ago (http://www.marketwatch.com)
img U.S. stock futures hit new premarket highs after a stronger-than-expected jump in July housing starts, adding to upside momentum sparked by a stronger tone in Europe and positive earnings.

Home Depot Inc. was among the biggest advancers in premarket trade.

Futures for the Dow Jones Industrial Average DJU4, +0.25% rose 54 points, or 0.3%, to 16,847, while S&P 500 index futures SPU4, +0.26%
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