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Composite Portfolio Midday Report (6/24/13)

|Includes: ANH, CEL, CP, Ebix Inc (EBIX), EXD, MSFT, MXA, PTNR, RAI, XIN

Dow Jones Industrial Average -1.51%
NASDAQ Composite -1.73%
S&P 500 -1.78%
Russell 2000 -2.02%
Pretty Girls and Railroads -2.05%
Climbers and Dogs -2.21%
Widows and Orphans -2.98%
Cumulative -2.41%
  • Kabel Deutschland board agrees to Vodafone's €7.7bn cash offer
    Jun 24 2013 13:37 BST
    Kabel Deutschland has agreed to a €7.7bn cash bid from Vodafone, ending the long running pursuit of the German cable group that will further the UK mobile operator's European ambitions in bundled fixed line, mobile and TV services. The offer values each Kabel Deutschland share at €87 and includes a...
  • Vodafone / Kabel Deutschland
    Jun 24 2013 13:18 BST
    It isn't always better to travel than arrive, but it can be more exciting. After much speculation, Vodafone has finally agreed a friendly and endorsed offer for Kabel Deutschland - and it looks in line with expectations. At €87 a share in cash, including a €2.50 dividend declared in February,...
  • Mining sector losses weigh on FTSE 100
    Jun 24 2013 10:26 BST
    Deepening concerns about China's economy hit London's mining sector hard on Monday, overturning opening gains on the FTSE 100 and taking the main index to its lowest level for five months. The benchmark fell 40 points to 6,076.62 by mid morning, a loss of 0.7 per cent. However, the losses...
  • Telefónica sells Ireland O2 unit to Three for €780m
    Jun 24 2013 10:04 BST
    Hong Kong's Hutchison Whampoa has bought Telefónica's Irish mobile phone operator O2 for €780m and announced plans to merge the business with its existing Irish mobile operator Three. The deal, which has to be approved by Ireland's competition authorities, would bring the number of mobile operators in Ireland down from...
  • Regulatory threat hangs over long-term auditing links
    Jun 24 2013 00:06 BST
    When the accountancy firm that is now KPMG was first appointed as auditor to Cookson, sterling was still on the gold standard and the Empire State Building was being built. The appointment that began in 1930 - and has survived last year's demerger of the engineering group so that KPMG...


Portfolio Movers


Gainers Today's Market Change
Ebix Inc
Cellcom Israel Ltd
Partner Communications Company Ltd
Reynolds American Inc
Microsoft Corp
Losers Today's Market Change
Xinyuan Real Estate Co Ltd
Minnesota Municipal Income Portfolio
Canadian Pacific Railway Ltd
Anworth Mortgage Asset Corp
Eaton Vance Tax-Advantaged Bond and Option Strategies Fund

Disclosure: I am long EBIX, CEL, PTNR, RAI, MSFT, XIN, MXA, CP, ANH, EXD.