US Jobless Claims Plunge; Buffett Makes Record Offer for Heinz (BRK, HNZ)

Despite negative economic data that came from the euro zone on Thursday, hopeful jobless data in the US and major news about the Berkshire Hathaway (BRK.A) and H.J. Heinz (HNZ) buyout helped markets on Wall Street trim losses. The euro fell to a three-week low against the dollar after a disappointing GDP and economic output report emerged from the EU. Warren Buffet and other billionaires collectively bid $23 billion for the buyout of Heinz. Another deal making headlines was the merger of AMR Corp (AAMRQ) and Us Airways Group Inc., which will cause competition among United Continental (UAL) and Delta (DAL) for long-haul flights in the US.
After the bell CBS Corp (CBS) posted its Q4 earnings that reflected a 6% increase in profit. The US Treasury Department sold $16 billion of 30-year bonds today, pushing yields lower and Treasurys higher. Gold settled around a six-month low as the markets await tomorrow's G20 meeting in Moscow.

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Published on Feb 14, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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