Equity futures are pointing lower this morning with the Dow Jones Industrial Average looking to open 37 points lower while the broader S&P500 index is looking to open 2 points lower. Moving fast in the pre-market session are shares of Taylor Devices up over 41% following Q2 results; AnnTaylor up 10% following quarterly results; RC2 Corp up over 9% following Tomy’s announcement to buy the company for $642 million; Atrinsic up over 7%; and Valero Energy Corp up over 4% on news that it will buy Chevron’s Pembroke refinery for $1.73 billion. Shares of Sprint Nextel are down over 2% on news of Clearwire’s management shake-up; and shares of Alcoa are down over 2%.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...