US stocks fall despite giant M&A deals

Written By Unknown on Kamis, 14 Februari 2013 | 22.33

TWO giant M&A deals, the merger of American Airlines and US Airways, and Berkshire Hathaway's takeover of ketchup maker Heinz, have failed to lift US stocks in opening trade.

Fifteen minutes into trade on Thursday, the Dow Jones Industrial Average was down 32.64 points, or 0.23 per cent, at 13,950.27.

The broad-based S&P 500 dropped 3.82 points, or 0.25 per cent, to 1,516.51.

The tech-rich Nasdaq Composite lost 9.84 points, or 0.31 per cent, to 3,187.04.

US Airways shares fell 1.9 per cent to $US14.33 after the official announcement of its long-awaited merger with American Airlines, creating the largest US carrier. American parent AMR Corp is under bankruptcy reorganisation.

Heinz shares though soared nearly 20 per cent to $US72.51 after the shock announcement that billionaire Warren Buffett's investment firm would partner with 3G Capital to buy Heinz in a deal worth $US28 billion ($A27 billion).


Anda sedang membaca artikel tentang

US stocks fall despite giant M&A deals

Dengan url

http://pilkadaseo.blogspot.com/2013/02/us-stocks-fall-despite-giant-m-deals.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

US stocks fall despite giant M&A deals

namun jangan lupa untuk meletakkan link

US stocks fall despite giant M&A deals

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger