DAI: Nasdaq dips after long rally as Dow, S&P flat on China

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Good evening Pan, MON 13 Dec 2010    Nasdaq dips after long rally as Dow, S&P flat on China Sanofi extends $18.5 billion Genzyme offer to Jan 21 Executives see no need for more U.S. stimulus: survey Moody's may shift U.S. rating outlook on tax package GE to buy UK oil pipemaker Wellstream for $1.3 billion Dell to buy Compellent for $960 million A&P seen using bankruptcy to shut about 100 stores ECB mulls capital increase for euro crisis-sources Two U.S. banks reveal TARP repayment plans BlackBerry Torch seen aiding RIM's results Berlusconi vote risk for Italy Fast train links Finland and Russia Chinese fakes plague US retailers Nasdaq dips after long rally as Dow, S&P flat on China December 13, 2010 04:33 PM ET NEW YORK (Reuters) - The Nasdaq closed lower and ended eight straight days of gains on Monday while the Dow and S&P 500 ended flat as optimism faded over China's move to tame its growth. Full Article Sanofi extends $18.5 billion Genzyme offer to Jan 21 December 13, 2010 11:41 AM ET PARIS (Reuters) - Sanofi-Aventis has extended its snubbed $18.5 billion cash bid for U.S. biotech group Genzyme by six weeks, buying the French drugmaker time to persuade its reluctant target to talk. Full Article Executives see no need for more U.S. stimulus: survey December 13, 2010 03:59 PM ET WASHINGTON (Reuters) - Corporate treasurers and finance executives believe that no additional fiscal stimulus is necessary to boost the U.S. economy, and many see inflation risks in the Federal Reserve's latest bond-buying effort, according to a survey released on Monday. Full Article Moody's may shift U.S. rating outlook on tax package December 13, 2010 11:32 AM ET NEW YORK (Reuters) - Moody's warned on Monday that it could move a step closer to cutting the U.S. Aaa rating if President Barack Obama's tax and unemployment benefit package becomes law. Full Article GE to buy UK oil pipemaker Wellstream for $1.3 billion December 13, 2010 09:39 AM ET LONDON (Reuters) - General Electric Co reached a deal to buy Wellstream Holdings Plc by raising its bid for the British oil drilling pipemaker by 6 percent to 800 million pounds ($1.3 billion). Full Article Dell to buy Compellent for $960 million December 13, 2010 03:40 PM ET NEW YORK (Reuters) - Dell Inc plans to buy data storage company Compellent Technologies Inc for about $960 million, in a bid to shake its reliance on hardware, but it may need to do more to compete in new technologies like cloud computing. Full Article A&P seen using bankruptcy to shut about 100 stores December 13, 2010 04:04 PM ET WILMINGTON, Delaware (Reuters) - Grocery store chain A&P, which filed for bankruptcy on Sunday, may have to shutter a quarter or more of its stores if it hopes to survive, analysts say. Full Article ECB mulls capital increase for euro crisis-sources December 13, 2010 03:52 PM ET FRANKFURT (Reuters) - The European Central Bank is considering requesting an increase in its capital to help cope with the rising costs of fighting the euro zone debt crisis, euro zone central bank sources told Reuters. Full Article Two U.S. banks reveal TARP repayment plans December 13, 2010 03:55 PM ET NEW YORK/CHARLOTTE, North Carolina (Reuters) - Two regional banks plan to repay their government bailout loans, a sign of health that could put pressure on other lenders to shed government aid. Full Article BlackBerry Torch seen aiding RIM's results December 13, 2010 04:09 PM ET TORONTO (Reuters) - Research In Motion likely sold as many BlackBerrys in its last quarter as Apple sold iPhones, aided by a strong showing from its new Torch smartphone, as Google gathers steam and Microsoft enters the fray. Full Article

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