At 8:35 AM EDT:
S&P 500: +3.00; 1,423.80
NASDAQ 100: +2.25; 1,800.50
Dow: +23.00; 12,397.00
NIKKEI 225: -0.34%; 16,417.82 (-55.54)
HANG SENG: -0.55%; 18,739.99 (-103.00)
S&P/ASX 200: -0.72%; 5,425.80 (-39.40)
BSE SENSEX 30: -1.23%; 13,799.49 (-172.54)
FTSE 100: +0.06%; 6,135.40 (+3.90)
CAC 40: +0.03%; 5,381.05 (+1.84)
XETRA-DAX: -0.13%; 6,404.90 (-8.13)
Commodity Futures (Reuters/Jefferies CRB)
Oil: +1.57%; $63.47 (+$0.98)
Gold: -0.31%; $635.00 (-$2.00)
Natural Gas: +0.0%; $7.67
Silver: -0.36%; $13.985 (-$0.05)
Asian Headlines (via Bloomberg.com)
• Japan's Machinery Orders Miss Estimates, Economy Grows Less Than Expected Japan's machinery orders rose less than expected in October, suggesting a slowing economy may not be strong enough to withstand higher interest rates.
• Qantas Bidders Plan to Sell Bonds Backed by Fleet of Planes to Fund Offer Macquarie Bank Ltd. and Texas Pacific Group will use Qantas Airways Ltd.'s fleet to finance their bid for Australia's largest airline, four bankers with knowledge of the proposed deal said.
• Genting Wins Singapore's Second Casino License With $3.4 Billion Proposal Genting Bhd., Asia's biggest casino-operator by market value, won the right to build a S$5.2 billion ($3.4 billion) resort in Singapore, securing the last gaming license in the city for at least a decade.
• Sony PlayStation 3 Misses U.S. Sales Goal by 50 Percent, Trails Nintendo Sony Corp. (NYSE:SNE) missed its targets for PlayStation 3 game consoles in the U.S. after parts shortages slowed production, researcher NPD Group Inc. estimated.
• China Stocks Fall Most in Five Months on Rates Concern; China Vanke Slides China's stocks fell the most in almost five months, led by property developers China Vanke Co. and Shanghai Shimao Co., after official media reports suggested the government will raise borrowing costs to cool the real- estate market.
• Sanyo Shares Fall to 31-Year Low on Recall of 1.3 Million Phone Batteries Shares of Sanyo Electric Co. (OTC:SANYY), the world's largest maker of rechargeable batteries, fell to a 31- year low after 1.3 million of its cells used in mobile phones were recalled on concern they overheat and rupture.
European Headlines (via Bloomberg.com)
• Marshall Wace Raises $2 Billion in Largest Hedge-Fund Initial Share Sale Marshall Wace LLP raised 1.5 billion euros ($2 billion) in the largest initial public offering of a hedge fund, permitting individual investors to buy into a market that's normally limited to millionaires.
• Getinge to Buy Huntleigh for $802 Million to Add Hospital Beds, Mattresses Getinge AB, the world's largest maker of surgical workstations, agreed to buy Huntleigh Technology Plc for 409 million pounds ($802 million) to expand into beds and mattresses that prevent bed sores.
• European Stocks Fall Before U.S. Unemployment Report; BHP, Rio Tinto Drop European stocks ended a four-day rally on concern the U.S. government today will say unemployment in the world's biggest economy rose for the first time since July.
• EMI Shares Advance on WSJ Report Company May Be Close to Deal With Permira EMI Group Plc's (OTC:EMIPY) shares gained after the Wall Street Journal reported that the world's third-largest music company may be close to a deal with buyout firm Permira Advisers LLP.
U.S. Headlines (via Bloomberg.com)
• November U.S. Payrolls Jump 132,000; Jobless Rate Increases to 4.5 Percent Employers in the U.S. added a greater-than-expected 132,000 workers to their payrolls in November, giving the economy a much-needed charge to help it recover from downturns in housing and manufacturing.
• Ford Bonds Rise on Plans for Restructuring, Demand for Convertible Debt Ford Motor Co.'s (NYSE:F) latest offering of convertible bonds rallied 5 percent in the first day of trading after the second-largest automaker said the proceeds are part of a restructuring designed to return the company to profitability.
• Reckson Chief Chips In His $25 Million Severance to Seal SL Green Buyout Reckson Associates Realty Corp. (NYSE:RA) Chief Executive Officer Scott Rechler won approval for the $3.8 billion sale of his company to SL Green Realty Corp. (NYSE:SLG) only after agreeing to give his $25 million severance to shareholders.
• Seminoles Parlay Casino Revenue Into an Empire With Purchase of Hard Rock In 1858, the Seminole tribe consisted of a few hundred native Americans in the Florida Everglades. With the purchase of the Hard Rock café chain, they own an empire with more than $1 billion of revenue in 45 countries.