U.S. stock-index futures sold off after a bill aimed at staving off tax hikes associated with the looming fiscal cliff failed to garner enough support for a vote in the House of Representatives
U.S. stock-index futures sold off after a bill aimed at staving off tax hikes associated with the looming fiscal cliff failed to garner enough support for a vote in the House of Representatives
Philip Morris to Buy Grupo Carso’s 20% Stake in Mexico Unit for $700 MillionComments OffPhilip Morris International Inc. (PM) has agreed to buy Grupo Carso SAB’s (GPOVY, GCARSO.MX) 20% stake in its Mexico tobacco business for about $700 million, giving the tobacco company complete ownership of its Mexican unit. |
Bank Indonesia Allows DBS to Buy 40% of DanamonComments OffBank Indonesia Tuesday approved the sale of 40% of PT Bank Danamon Indonesia (BDMN.JK) to DBS Group Holdings Ltd. (DBSDY, D05.SG), but Governor Darmin Nasution said DBS would be allowed to acquire an additional stake only if Indonesian banks get the gr… |
U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH:Comments OffAmong the companies with shares expected to actively trade in Tuesday’s session are Home Depot Inc. (HD), Carnival Corp. (CCL) and HHGregg Inc. (HGG). |
Best Buy Swings to 1Q Loss, Sales MissComments OffThe consumer electronics chain reported weaker-than-expected quarterly sales and warned that turnaround investments could weigh on profits in the near term. |
Best Buy profit tops estimates, sales missComments OffBest Buy Co Inc reported weaker-than-expected quarterly sales on Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near term. |
