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Europe's "News" Hitting Futures (Down)

Futures trending down since Europe opened on rumors that someone might be unwinding a structured product in Europe this am.

Mixed morning for stocks:

MBIA shares down 11 percent after they sold new shares at a 14 percent discount to its closing price in an effort to raise capital, down 7 percent.

Alcatel-Lucent quarter was ok, but eliminates dividend due to the uncertain market outlook.

Tiffanyraised guidance for 2008, talked about at least a 10 percent increase in net sales.

On the other hand, diamond giant De Beers said sales fell 2 percent on poor Christmas sales. They control 40 percent of the world diamond market.

Glass giant Corning said they saw no signs of a slowdown in their business and affirmed their earnings for the full year.

McDonalds

had good comp store sales in January--up 8.2 percent for Europe, 1.9 percent in the U.S.



Questions? Comments? tradertalk@cnbc.com

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GLW
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MBI
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TIF
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MCD
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