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Overnight Market News – December 3, 2009

 
  • Bank of America Corp is Set to Repay USD 45B in Government Bailout Funds, Lifting Pay Restrictions as the Bank Recruits its New Chief Executive Officer (CEO)
  • General Electric Co and Comcast Corp Reaches Deal Which Would Give Comcast Corp a 51% Stake in NBC Universal (NBCU), Valuing the Unit at About USD 30B
  • American Airlines and Other Members of the Oneworld Alliance Along with Private Fund TPG Offers to Invest USD 1B in Japan Airlines Corp, Doubling the Bid Led by Delta Airlines Inc and the Skyteam Group
  • European Central Bank (ECB) is Expected to Announce Later Today that it Will Keep Interest Rates at 1% and Will Begin Decreasing its Financial Crisis Support
  • Volkswagen AG to Purchase 49% Stake in Porsche SE as Early as Next Week Says Chief Financial Officer, and Acquire the Remaining 51% Stake in 2011
  • Siemens AG Narrows Loss in its Fourth Quarter to EUR 1.1B (USD 1.65B), Down From a Loss of EUR 2.4B a Year Ago on Reduced Write Downs on its Nokia Siemens Networks Business
  • Crude Oil Stands at USD 77.19 per Barrel
  • Ethanol Stands at USD 1.95 per Gallon
  • Natural Gas Stands at USD 4.56 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,215.90 per Troy Ounce
  • Dow Jones Industrial Average Falls 18.90 Points (-0.18%)
  • London FTSE Index Rises 21.11 Points (0.40%)
  • Japan Nikkei Index Rises 368.73 Points (3.84%)
  • Hong Kong Hang Seng Index Rises 264.30 Points (1.19%)
  • Brazil Bovespa Index Rises 206.39 Points (0.30%)
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