Some of Wednesday's midday movers:» Read More
*Google up after Nest purchase; Tesla rallies on deliveries. Google rose 2.4 percent to $1,149.40, giving a large boost to the outperforming Nasdaq, a day after the company announced plans to acquire Nest Labs Inc. The $3.2 billion deal will give Google a promising line of products and a prized design team.
*Google up after Nest purchase; Tesla rallies on deliveries. *JPMorgan edges up after results; Wells Fargo dips. Google rose 2.5 percent to $1,150.58, giving a large boost to the outperforming Nasdaq, a day after the technology giant announced plans to acquire Nest Labs Inc, scooping up a promising line of products and a prized design team for $3.2 billion in cash.
*FTSEurofirst 300 ends up 0.2 pct at 1,326.37 points. *ESTOXX 50 closes up 0.2 pct at 3,119.53 points. LONDON, Jan 14- European shares edged higher on Tuesday, buoyed by gains in major pharmaceutical stocks and by a rebound in U.S. equities after U.S.
Jan 14- GameStop Corp, the world's largest videogame retailer, warned of lower-than-expected profit as sales sagged for games played on older versions of Xbox and PlayStation consoles. Morningstar analyst Liang Feng said too much of a drop in sales of old console software could hurt GameStop as it is historically the company's strongest business.
*JPMorgan edges up after results, Wells Fargo lower. *Intel rallies after upgrade, GameStop slumps on outlook. "If earnings accelerate, and names like JPMorgan have looked strong, then we should still get good returns," said Mitch Rubin, chief investment officer at RiverPark Advisors in New York.
*JPMorgan, Wells Fargo post earnings. NEW YORK, Jan 14- U.S. stocks rebounded modestly on Tuesday, a day after the S&P 500 suffered its biggest drop in two months, buoyed by solid retail sales data and as investors digested earnings from JPMorgan and Wells Fargo.
December retail sales data was actually mixed, but Internet sales are soaring.
*JPMorgan, Wells Fargo post earnings. NEW YORK, Jan 14- U.S. stocks were set for a bounce on Tuesday, a day after the S&P 500 suffered its biggest drop in two months, after solid retail sales data and as investors digested earnings from JPMorgan and Wells Fargo.
Jan 14- Gamestop Corp forecast fourth-quarter profit below analysts' estimates, hurt by a bigger-than-expected decline in sales of new game titles for Xbox 360 and PlayStation 3, sending its shares down 12 percent. The world's largest retailer of video game products said it expects earnings to be between $1.85 and $1.95 per share.
*UnitedHealth shares jump on upgrade. "One way or the other, is all pointing to the story about how it might still be tough, but things are starting to point to better days ahead," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.
NEW YORK, Jan 5- Investors in U.S. stocks will look to Washington this week, awaiting key jobs data and minutes from the Federal Reserve's most recent meeting, when the central bank decided to cut its unprecedented monetary stimulus.
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