{"id":48009,"date":"2013-02-15T10:34:46","date_gmt":"2013-02-15T10:34:46","guid":{"rendered":"https:\/\/armbanks.am\/2013\/02\/15\/237606\/"},"modified":"2024-12-15T13:02:29","modified_gmt":"2024-12-15T13:02:29","slug":"us-close-stocks-end-mixed-following-heinz-deal","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/02\/15\/48009\/","title":{"rendered":"US close: stocks end mixed following Heinz deal"},"content":{"rendered":"

YEREVAN, February 15. ARKA\/.<\/strong> Thursday’s big news Stateside was of course the news that business titan Warren Buffett plans to buy-out food giant Heinz, Hl.co.uk reported.<\/p>\n

Overall, stocks ended the day mixed, but little changed, with the Dow Jones lower, while the S&P 500 and the Nasdaq in positive territory.<\/p>\n

In economic news, initial weekly unemployment claims were much better-than-expected.
\nHeinz deal makes headlines
\n‘It’s got to be Heinz’ for business titan Warren Buffet, as he and 3G Capital unveiled plans to take the well-known company private as part of a deal worth $28bn.<\/p>\n

Heinz shareholders will be paid $72.50 per share – which represents a premium of 20% to the closing price on Wednesday – by Berkshire Hathaway, Buffett’s investment company, and 3G.
\nThe deal was unanimously approved by the board of Heinz. The share price rose significantly throughout the day.<\/p>\n

In other news, US Airways Group agreed to an $11bn merger with AMR Corp.’s American Airlines, eliciting a negative reaction from the stock market.<\/p>\n

Stock of chip-equipment maker Applied Materials made gains during the day after guiding higher for its second-quarter to between $1.81bn and $1.97bn.
\nNetworking gear maker Cisco Systems, on the other hand, was weaker following the release of its own results last night.<\/p>\n

PepsiCo released better than expected quarterly results.
\nNatural-foods store chain Whole Foods Market plummeted after lowering its sales forecast for fiscal 2013.<\/p>\n

Constellation Brands was flying higher after InBev offered to cede full control of Corona distribution in the US to Constellation for $2.9bn after US regulators sued to block its purchase of Grupo Modelo.
\nBetter than expected unemployment figures
\nInitial weekly unemployment claims dropped by 27,000 to the 341,000 mark (Consensus: 360,000). \u20130–<\/p>\n","protected":false},"excerpt":{"rendered":"

Thursday’s big news Stateside was of course the news that business titan Warren Buffett plans to buy-out food giant Heinz, Hl.co.uk reported<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[12187,12682,12757],"class_list":{"0":"post-48009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bonds-am-en-en","7":"category-news","8":"tag-bonds","9":"tag-stocks","10":"tag-usa"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/48009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=48009"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/48009\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=48009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=48009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=48009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}