December 19, 2012 at 09:42 AM EST
Drop In Home Construction Weighs Down Markets
November home construction slowed to weigh the markets down to a lower open with the Dow slipping 25 points to 13,325. Nasdaq lost 6 points to 3048.
On the upside
General Motors (NYSE: GM) will pay approximately $5.5 billion to repurchase 200 million shares of company stock from the Treasury.
Oracle (Nasdaq: ORCL) impressed with higher second quarter earnings that topped analyst estimates as revenue climbed.
Getco will pay a premium of approximately $1.4 billion in cash and stock to acquire Knight Capital (NYSE: KCG).
On the downside
Oncothyreon (Nasdaq: ONTY) reported disappointing results from a Phase 3 clinical trial of its lung cancer treatment L-BLP25. Navistar (NYSE: NAV) fell to a loss for the fourth quarter.
The Federal Trade Commission will oppose Integrated Device Technology's (Nasdaq: IDTI) proposed $330 million acquisition of PLX Technology (Nasdaq: PLXT).
In the broad market, declining issues edged out advancers by a slim margin on the NYSE while decliners outpaced advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 index slipped 4 points to 1442.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here