Europe's "News" Hitting Futures (Down) - Trader Talk with Bob Pisani - CNBC.com
Europe's "News" Hitting Futures (Down)
Posted By:Bob Pisani
Topics:Europe | Earnings | Investment Strategy | Stock Market
Companies:McDonalds Corp | Corning Inc | Tiffany and Co | Alcatel | MBIA Inc
Futures trending down since Europe opened on rumors that someone might be unwinding a structured product in Europe this am.
Mixed morning for stocks:
MBIA
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-0.57 (-4.01%) 
] shares down 11 percent after they sold new shares at a 14 percent discount to its closing price in an effort to raise capital, down 7 percent. Alcatel-Lucent
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-0.23 (-3.68%) ] quarter was ok, but eliminates dividend due to the uncertain market outlook. Tiffany
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2.25 (+5.89%) ] raised guidance for 2008, talked about at least a 10 percent increase in net sales. On the other hand, diamond giant De Beers said sales fell 2 percent on poor Christmas sales. They control 40 percent of the world diamond market.
Glass giant Corning
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-0.23 (-0.98%) ] said they saw no signs of a slowdown in their business and affirmed their earnings for the full year. McDonalds
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0.54 (+0.99%) ] had good comp store sales in January--up 8.2 percent for Europe, 1.9 percent in the U.S.
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